TOKYO ― Sony on Wednesday booked a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by its industry-leading image sensor business.
Profit at the Japanese tech and entertainment conglomerate was 279 billion yen , compared with an average estimate of 275 billion yen from seven analysts polled by LSEG.The impact from foreign exchange and higher sales helped profit at the image sensor business, a major supplier for smartphone makers, roughly triple to 36.6 billion yen.A sprawling group encompassing music, movies, games and chips, Sony hiked its full-year profit forecast by 3 percent aided by foreign exchange rates.
Sony said its assumed exchange rate for the year is approximately 145 yen to the dollar.In the first quarter Sony sold 2.4 million PlayStation 5 units, fewer than a year earlier, but booked larger profit at the games business.The group said in May it expects to sell 18 million PS5 units this fiscal year, compared to 20.8 million a year earlier.The games industry is grappling with rising costs and weak pricing power.
Posts 10% Profit Rise On Image Sensor Boost
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