Thanks to coronavirus pandemic, Sony’s profit zooms to record on video games

Sony’s January-March profit zoomed eight-fold to 107 billion yen ($982 million) from a year earlier as people stuck at home during the coronavirus pandemic turned to the Japanese electronics and entertainment company’s video games and other visual content.

Sony Corp. reported Wednesday a record profit of 1.17 trillion yen ($11 billion) for the fiscal year that ended March 31, roughly doubling from 582 billion yen the previous fiscal year.

The popularity of the “Demon Slayer” animation film also helped, along with solid sales in mobile game applications and digital content. Demand persists for the PlayStation 5 game console, which went on sale last year. Sony said it has sold 7.8 million PlayStation 5 machines globally.

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Source: Associated Press – YURI KAGEYAMA