Sony Lifts Outlook on Entertainment Demand Despite Tariff Threat
The Tokyo company now expects operating profit for the year ending March to be ¥1.33 trillion ($9 billion), versus the average of analyst estimates of ¥1.39 trillion. Back in May, in the midst of uncertainty around Washington's new import tax regime, Sony had warned its profit would take a ¥100 billion hit and set its forecast at ¥1.28 trillion. It said it now sees a tariff impact of around ¥70 billion on its operating income.
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