Sony reports 69% jump in operating profit, beating expectations

Sony reported a 69% leap successful operating nett Thursday, smashing expert expectations.

Here's however the Japanese tech elephantine did successful the September quarter, versus LSEG statement estimates:

• Operating profit: 445.1 cardinal yen ($2.91 billion), versus 336.07 cardinal yen expected. That's up 69% year-over-year and beats expert expectations.

Last quarter, Sony reported a 10% successful operating profit, arsenic the electronics giant's show was boosted by the merchandise of R&B vocalist Beyonce's "Cowboy Carter" album.

Sony's gaming part has held up good acknowledgment to a displacement to integer crippled purchases and the PlayStation Plus subscription service. However, hardware shipments person proven lackluster amid a anemic console marketplace beset by a deficiency of hyped up triple-A games.

Analysts expect things to amended adjacent twelvemonth for the gaming sector, though — not slightest acknowledgment to the anticipated motorboat of a next-generation Nintendo Switch exemplary and the merchandise of Grand Theft Auto VI.

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