Sony profit rises as Nintendo earnings fall

Sony reported higher quarterly operating profit and raised its full-year outlook, while Nintendo’s operating profit and sales declined. Both companies face a memory-chip shortage, but their results and guidance differed.

• Sony’s second-quarter operating profit rose 45% to 622.3 billion yen, ahead of analyst estimates, and the company raised its full-year profit outlook by 9%.· 1 source
• Sony cited contributions including Spider-Man: Brand New Day and raised its outlook for its chips and music divisions.· 1 source
• Nintendo’s quarterly operating profit fell 16% to 73.9 billion yen, and sales also declined; it kept its full-year profit and Switch 2 sales forecasts unchanged.· 1 source
• Memory-chip supply and higher prices are concerns for the companies’ businesses, although Nintendo’s president said it could secure sufficient quantities.· 1 source
• Sony sold 2.6 million PlayStation 5 consoles in the quarter, down from 4 million a year earlier.· 1 source