Sony Hikes Outlook as Games Help Offset Smartphone Weakness
- New outlook misses expectations despite forex lift to hardware
- Smartphone image sensors still mired in a prolonged slump
Sony’s PlayStation 5 console.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
Sony Group Corp. raised its full-year forecast as its PlayStation and entertainment arms sustained momentum even as a sluggish global economy hurt other operations.
Boosted by a weaker yen, the Tokyo-based company nudged up its net income forecast by 2% to ¥860 billion ($6 billion), closer to but still missing analyst estimates. Sony also revised up its sales outlook by 6% to ¥12.2 trillion. It left its full-year operating profit outlook unchanged.