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Sony raises profit forecast, thanks to strong games sales

Company says to focus on movie and music market in China

Cast member Dwayne Johnson takes a selfie with fans during a red carpet event promoting his new film "Jumanji: Welcome to the Jungle" in Beijing in January.   © Reuters

TOKYO -- Sony on Tuesday revised up its profit forecast for the year ending in March, thanks to strong games sales, and said that it would focus on the entertainment market in China.

The company said that it now expects to post a net income of 500 billion yen ($4.5 billion) for the year ending March 2019, up 2% from the 490 billion yen recorded a year ago, in part also due to a favorable exchange rate. Its last forecast for the year ending March 2019 was 480 billion yen.

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