Sony edges 1% Q2 profit rise as PS5 costs squeeze margins

Sony aims to sell 14.8 million PS5 consoles this financial year - a target that takes into account the global semiconductor shortage.— Reuters

TOKYO: Japan's Sony Group Corp on Thursday squeezed out a surprise 1% rise in operating profit for its second quarter though costs from growing sales of its PlayStation 5 (PS5) console pressed on margins.

Weaker profitability in the key games segment could also not stop the group hiking its full-year operating forecast by 6% to 1 trillion yen ($8.81 billion) from its August forecast, driven by expected profit growth in areas including movies, music and electronics.