Sony on Wednesday announced it has revised its outlook for the 2020 fiscal year, raising its net profit forecast from ¥800 billion to ¥1.085 trillion.
If the forecast is accurate, Sony’s net profit will have increased by 86% compared to the previous fiscal year.
Other revisions made to the company’s 2020 outlook include consolidated sales and operating income now being expected to rise to ¥8.8 trillion and ¥940 billion, respectively, which are 4% and 34% jumps from the previous forecast.
According to Sony, the revisions were made to reflect the company’s strong performances in the areas of gaming, music-streaming, and anime during the pandemic.
Posted as part of Sony’s third-quarter results, the company revealed that over 4.5 million units of the PlayStation 5 (PS5) have been sold as of the end of December. Sony added that it is currently on track to meet its sales goal of selling more than 7.6 million units for the fiscal…