Sony Jumps to Decade High as PlayStation Drives Higher Forecast
- Game titles for PS4 including God of War drive earnings
- Spotify’s recent debut also propped up its bottom line
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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 percent 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.