Sony hits 20-year high after strong iPhone 12 and game sales

Hanno Labuschagne

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Sony hits 20-year high after strong iPhone 12 and game sales

Sony Corp. surged to a 20-year high after raising its annual operating income outlook by 34%, banking on robust games sales and Apple Inc.’s iPhone 12.

The Tokyo-based company now expects to make 940 billion yen ($8.9 billion) in the fiscal year ending March, up from 700 billion previously.

It’s forecasting a pickup in divisions spanning pictures, music and games as well as its imaging unit providing camera sensors for iPhones and other devices.

[Bloomberg]
 

Polymathic

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If Sony wasn't Japanese, Apple probably would have bought them up
 

Martin_P

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Apr 25, 2008
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Still can't get one and still paying R12000 per unit when other countries pay R8500.
 
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