Sony jumps to decade high as PlayStation drives higher forecast


FILE - In this Friday, April 28, 2017, file photo, people walk out of the headquarters of Sony Corp. in Tokyo. Sony Corp. said on Tuesday, July 31, 2018, its profits nearly tripled in the latest quarter, boosted by a jump in PlayStation 4 software sales. (AP Photo/Shuji Kajiyama, File)

Sony Corp jumped to its highest in more than a decade after raising its outlook for the current fiscal year, thanks to robust sales of the PlayStation 4 console and profits from its stake in recently listed Spotify Technology SA. 

Shares rose as much as 5.4% in early Tokyo trading, heading for their highest close since 2008, after the company lifted its full-year net income and revenue forecasts and also sharply beat operating profit estimates for the June quarter. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sony

   

Next In Tech News

Tesla driver in Seattle-area crash that killed motorcyclist told police he was using Autopilot
Spurred by teen girls, US states move to ban deepfake nudes
DR Congo accuses Apple of using ‘blood minerals’ from war-torn east
German police swoop on Nigerian dating scammers
74-year-old US woman charged in armed robbery of credit union was scam victim, family says
In which country do people spend the most time on screens?
How streaming is boosting esports
LG Energy Solution to minimise capex this year due to slow EV demand
SK Hynix expects full chip recovery after Q1 earnings surprise on AI boom
Cisco says hackers subverted its security devices to spy on governments

Others Also Read