Sony has established a 20-year record
|Sony has reported a new 20-year high after its operating profit for the latest quarter rose 34% year-on-year. The main reasons are the excellent sales of game consoles and image sensors for the iPhone. |
The Japanese tech giant expects operating profit of about $ 8.9 billion for the full fiscal year ending March 31, 2021.
After the release of this information, the company's shares jumped by 10.4%, showing the highest increase since May 2019. An important aspect of the rapid profit forecast is the recently released Sony PlayStation 5 game console. Despite the supply problems, the company plans to sell 7.6 million consoles by the end of March 2021.
The company also expects this figure to reach 14.8 million units or more by the end of the next fiscal year. Sony faced high demand, the situation is complicated by problems in production due to a shortage of components. The company's CFO added that Sony is "doing everything possible to ship as many units as possible in the shortest possible time."
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