Sony logs record net profit

The Tokyo-based entertainment and consumer electronics giant Sony said annual net profit jumped to 1.17 trillion yen ($10.7 billion) -- more than doubling from the previous year on sales of 8.99 trillion yen, also a record high.

Report informs, citing foreign media, that but for the fiscal year that began in April, they forecast a net profit of a more modest 660 billion yen, on sales of 9.7 trillion yen, with the gaming sector anticipating an eventual tapering of the soaring demand linked to the pandemic.