The impact of the novel coronavirus on Sony has been limited compared with Japanese electronics peers such as Panasonic Corp due to its pursuit of recurring revenue such as subscription fees on gaming content.
TOKYO: Japan's Sony Corp surprised the market on Tuesday by reporting just a 1.1% profit fall for the Covid-19 cornonavirus-hit first quarter, as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games.
The gaming business "saw a positive impact from consumers nesting during the virus outbreak," Financial Officer Hiroki Totoki said at an earnings briefing.
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