Spider-Man: No Way Home Success, Gaming Boom Help Sony Lift Annual Profit Outlook
Sony upgraded its full-year net profit forecast on Wednesday, buoyed by the success of its latest Spider-Man movie and strong results in the gaming sector despite the global chip shortage.It comes as the Japanese tech giant battles for gaming supremacy with US rival Microsoft after its blockbuster acquisition of Activision.Sony already logged a record net profit in 2020-21, with a pandemic boom in gaming swelling its profits.Although the huge demand for gaming is tapering now, Sony said it is continuing to see strong…