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Sony boosts PlayStation profits despite looming PS5 launch

Sony’s gaming division is continuing to drive major profits for the company even as the PlayStation 4 era winds down. Sony does say that its profits were hit by an increase in costs, while revenue was reduced by a predictable decrease in PS4 sales. — PlayStation (@PlayStation) July 24, 2020Sony has now revised its full-year gaming forecast upward slightly, expecting to make 2.6 trillion yen in revenue and 300 billion yen in profit by the end of March 31st. Sony’s revenue is likely to be limited in the short term by the number of PS5 consoles it’s able to manufacture. “It may well be that not everybody who wants to buy a PS5 on launch day will be able to find one.”

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