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Stock impact report

Sony Shares Jump 6% After Forecast Raise and Resilient Sales [Yahoo! Finance Canada]

NINTENDO CO LTD UNSP/ADR (NTDOY) 
NASDAQ:AMEX Investor Relations: nintendo.co.jp/ir/en
Most Read from Bloomberg Its Tokyo-traded shares rose as much as 5.9% after the results, marking their biggest leap since November. A slate of marquee games including and from external publishers and Sony's own bolstered the PlayStation business. Sony reported a rise in software sales to 97.2 million units, while its flagship PlayStation 5 sold 8 million consoles in the period. The company did caution, however, that profitability of the wider games and networking division worsened, due to hardware costs. Revenue also got a boost from Sony's consistently strong music-streaming proceeds and related live events. The company's image sensor division reported about a 20% jump in revenue in the company's fiscal third quarter, with Sony noting sales for mobile products increased. The outlook for that business now appears clouded by the industrywide shortage of memory — which is forcing smartphone makers to cut sales forecasts or alter product specifications. “With the stock price hav Show less Read more
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