Sony’s profits have edged up 3% in the last quarter, weathering production setbacks from Covid-19 lockdowns in Shanghai and a trend away from video gaming as pandemic restrictions eased elsewhere. Sony’s April-June profit totalled 218 billion yen ($1.6 billion), up from 212 billion yen a year earlier, the Japanese electronics and entertainment company said. Also, a shortage of computer chips has slowed production of the Sony’s PlayStation 5 machine. Sony’s game software sales fell in the latest quarter while costs for developing software rose. Sony said it expects its full fiscal year profit to fall to 800 billion yen from the previous year’s 882 billion yen.

Source: Irish Examiner August 06, 2022 19:21 UTC