Sony raises profit forecast: Spider-Man, PlayStation hits, and music rights pay off!
Reading Time: 3 minutes
Sony raises its operating profit forecast by 15% to 1.87 trillion JPY after a strong September quarter. The drivers are a blockbuster movie, a bestselling game for the PlayStation 5, and the heavily streamed music of Michael Jackson. The strategy of focusing more on content rather than hardware is paying off. Figures above expectations Sony achieves an operating profit of 622.3 billion JPY for the quarter from July to September, significantly exceeding the average analyst estimate. Revenue also surpasses expectations at 3.43 trillion JPY. For...
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