Sony first-half net profit doubles, forecast revised up


Sony’s net profit soared 103.8% to ¥692.89 billion for the first half, and forecast annual net profits of ¥800 billion, up from an earlier ¥510 billion forecast. – EPA pic, October 28, 2020.

JAPAN’S Sony today reported net profit doubled in the April-September period and revised up its full-year net profit forecast, citing growth in key sectors – including gaming – and financial factors.

The results beat analyst expectations, and came as the tech giant gearing up to launch its much-anticipated PlayStation 5 console next month, setting up a holiday season head-to-head with the new Xbox.


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