Sony Bumps Up Profit Outlook as Weak Yen Juices Sensor Sales
- Sony sets 23 million unit goal for PS5 sales next fiscal year
- Image sensor sales for high-end iPhones supported bottom line
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Sony Group Corp. nudged up its fiscal-year profit outlook, helped by a weaker yen and solid sales in its music publishing business, which made up for lackluster momentum in its games and image sensor businesses.
The Japanese entertainment group raised its operating profit outlook to 1.16 trillion yen ($7.8 billion), up from its previous forecast of 1.11 trillion yen. A boost in streaming sales from its music publishing business helped fuel the earnings revision, along with a weak yen that bolstered overseas sales of image sensors used in Apple Inc.’s premium iPhones, the company said.