Sony lifts FY 2021 operating profit outlook to record 1.2 tril. yen

Sony Group Corp. on Wednesday raised its operating profit outlook for the current business year to a record 1.20 trillion yen ($10.45 billion), as solid movie and mobile gaming segments along with a weak yen against the U.S. dollar are expected to make up for weak sales of its PlayStation 5 game consoles amid a global chip crunch.In October, the Japanese electronics and entertainment giant forecast an operating profit of 1.04 trillion yen for the year through March.Sony expects its net profit to fall 16.5 percent to 860 billion yen and sales to increase 10.0 percent to 9.90 trillion yen.The…READ FULL ARTICLE