Sony posts Q1 profit jump on pandemic demand for devices and content

TOKYO: Sony Corp raised its earnings outlook and reported a jump in first-quarter operating profit on Wednesday as pandemic-led demand boosted sales of PlayStation 5 consoles, TVs, cameras, music and movies.

Operating profit for the quarter ended June 30 rose to 280.1 billion yen ($2.57 billion) from 221.7 billion yen a year earlier, better than the 207.96 billion yen average prediction from 10 analysts, according to Refinitiv.