Sony Surges to 20-Year High as IPhone, Games Spur Outlook Hike Bloomberg 2/4/2021 Takashi Mochizuki
(Bloomberg) Sony Corp. surged to a 20-year high after raising its annual operating income outlook by 34%, banking on robust games sales and Apple Inc.’s iPhone 12.
The Tokyo-based company now expects to make 940 billion yen ($8.9 billion) in the fiscal year ending March, up from 700 billion previously. It’s forecasting a pickup in divisions spanning pictures, music and games as well as its imaging unit providing camera sensors for iPhones and other devices.
Shares jumped as much as 10.4% in Tokyo on Thursday, their biggest intraday gain since May 2019.
As iPhone, games spur outlook hike.
By Takashi Mochizuki, Bloomberg
4 Feb 2021 08:20
Image: Kiyoshi Ota/Bloomberg
Sony Corp surged to a 20-year high after raising its annual operating income outlook by 34%, banking on robust games sales and Appleâs iPhone 12.
The Tokyo-based company now expects to make 940 billion yen ($8.9 billion) in the fiscal year ending March, up from 700 billion previously. Itâs forecasting a pickup in divisions spanning pictures, music and games as well as its imaging unit providing camera sensors for iPhones and other devices.
Shares jumped as much as 10.4% in Tokyo on Thursday, their biggest intraday gain since May 2019.