Sony’s profit up as people staying home play video games

Japanese electronics and entertainment company Sony Corporation said Tuesday that its April-June profit jumped 53 per cent as its video game and other online businesses thrived with people staying home due to the coronavirus pandemic.

Tokyo-based Sony reported a 233 billion yen (USD 2.2 billion) profit for the last quarter, up from 152 billion yen the year before.

Sony warned that its movies division would likely suffer for two or three years due to delays in film projects and limits to theater seating because of the pandemic.

Consumer demand for electronics products has also plunged, including sales of digital cameras, TVs and other gadgets, according to Sony.