Sony raises full-year forecast as gaming thrives under COVID

Japanese conglomerate expects net profit to grow 37% to $7.6bn

Sony Executive Deputy President and Chief Financial Officer Hiroki Totoki speaks at an online press conference on Oct. 28. (Screenshot from Sony's website)

JADA NAGUMO, Nikkei staff writer

October 28, 2020 15:42 JST

Updated on October 28, 2020 19:58 JST

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.