Profit warning: The Sony headquarters building in Tokyo. Sony warned annual profits were likely to see double-digit falls as the coronavirus pandemic continues to cloud the forecast. — AFP
TOKYO: Japan’s Sony Corp reported a 1.1% decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games.
The electronics and entertainment firm yesterday posted April-June profit of 228.4 billion yen (US$2.15bil), versus 230.9 billion yen a year prior.
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