raised its earnings outlook on Wednesday after a record first-quarter operating profit helped by pandemic stay-at-home demand for PlayStation 5 consoles, TVs, music and movies.
It raised its profit forecast for the year through March 2022 to 980 billion yen from 930 billion, bringing it closer to the 1 billion yen average estimate from 25 analysts. Those supply-chain constraints could also affect production of other consumer electronic devices, Chief Financial Officer Hiroki Totoki told a news briefing after Sony's results.
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