Sony hikes profit outlook after resilient holiday-quarter sales

Sony's PlayStation 5 video game consoles are on display at the Tokyo Game Show in the city of Chiba in September last year. Sony Group reported a surprise 22% improvement in profit after a challenging holiday quarter, raising its full-year outlook on the back of solid demand for its entertainment offerings. The Japanese conglomerate now expects operating profit of ¥1.54 trillion ($9.8 billion) in the year through March, up from its previous forecast of ¥1.43 trillion. In the three months to December, Sony earned an operating income of ¥515 billion, outperforming analyst expectations, and improved sales by 1% to ¥3.71 trillion. Its Tokyo-traded shares rose as much as 5.9% after the results, marking their biggest leap since November. In a time of both misinformation and too much information, quality journalism is more crucial than ever.