Sony Raises Outlook on Strong PlayStation 5 Momentum
- PlayStation 5 console sales hit 7.1 million in holiday quarter
- Premium image sensors softened blow of weak smartphone demand
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Sony Group Corp. lifted its full-year profit outlook after record PlayStation 5 console sales helped earnings beat estimates.
The Tokyo-based group raised its PS5 sales forecast to 19 million units for the fiscal year ending March, after selling 7.1 million units over the holiday quarter. Momentum for building out the PS5 ecosystem is growing, Chief Financial Officer Hiroki Totoki said on a call after the earnings Thursday, waving off concerns about a demand lull for the two-year-old console.