Sony's Hit Games, Music Ease Tariff Fears

Sony Produces Image Sensors Used in Apple Inc.'s iPhone Cameras and in the Smartphone Industry

- Bloomberg

Sony Group Corp.'s shares had their best day in two weeks after the Japanese company lifted its profit forecast on growth in its entertainment divisions, easing investor fears about possible US tariffs on chips.

Momentum in the music and games segments bolstered the Tokyo-based company's outlook, Sony said on Thursday. The number of monthly active users on its PlayStation platform rose 6% from a year ago, alongside an increase in total hours played. That's while the Sony Music segment logged a 5% revenue increase despite a hefty forex impact.