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Nintendo to Buy Back Shares After Profit Misses Estimates
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Nintendo Q1 profit down as pandemic gaming boom slows
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Nintendo Q1 profit down as pandemic gaming boom slows
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Nintendo Q1 profit down as pandemic gaming boom slows
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Sony upgrades annual profit outlook on strong Q1 performance
Issued on:
04/08/2021 - 08:48 Sony now predicts a net profit of $6.4 billion for the fiscal year to March 2022 Philip FONG AFP/File 1 min
Tokyo (AFP)
Sony upgraded its full-year profit forecast Wednesday on the back of a strong quarterly performance, although the pandemic boom enjoyed by the gaming sector is slowing.
The Japanese entertainment and consumer electronics giant now predicts a net profit of 700 billion yen ($6.4 billion) for the fiscal year to March 2022, up from its earlier estimate of 660 billion yen.
The conglomerate said solid earnings in its music and electronic products businesses offset a decline in operating profit in the gaming sector in the first quarter.