Key points from Sony's results
- Gaming sales up 22% in first six months
- Net profit doubles during first half of fiscal year
- US crackdown on Huawei puts image sensor business under pressure
- Hope of strong debut for PlayStation 5 console next month
TOKYO -- Sony said it expects full-year net profit to grow 37% after a strong second quarter, improving from its previous forecast of a slight decline, as pandemic-related demand boosted gaming revenue.
On Wednesday, the Japanese conglomerate said it now expects net profit to increase to 800 billion yen ($7.6 billion) for the fiscal year through March 2021, supported by a 3% jump in revenue to 8.5 trillion yen. Sony had previously forecast that revenue would increase just 0.5% to 8.3 trillion yen and that net profit would decline 12% to 510 billion yen.