Sony Earnings Savaged by Pandemic, Hitting Forex, Financial and Electronics

Japanese electronic giant Sony reported worse than expected earnings for the three months ended March 31 on Tuesday. SNE’s move to a subscription model in gaming and music is lessening the Covid impact however. Playstation sales were low ahead of PlayStation5.

Sony Shares Soar Over 12% on PlayStation Gaming Profits

Japanese electronic giant Sony $SNE reported better than expected fiscal second-quarter earnings wirh a robust performance from its PlayStation gaming business, and forecast that it expects its best profit since 1998 next quarter. The ADR was up 12.5%.