Sony raises outlook amid home entertainment boom, but struggles to build more PS5s

Andreas Milano

TOKYO (Reuters) – Japan’s Sony Corp raised its full-year profit outlook by one-third, helped by pandemic-fuelled demand for games, movies and other content, but said it was struggling to build enough PlayStation 5 consoles amid a global shortage of semiconductors.

FILE PHOTO: Women wearing protective masks walk past a poster for hit animated movie “Demon Slayer”, distributed by Sony, in front of a movie theatre in Tokyo, Japan, December 13, 2020. REUTERS/Kim Kyung-Hoon

The electronics and entertainment conglomerate said on Wednesday some customers may have to wait longer for their consoles as it competes for chips with other businesses ranging

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Sony hikes profit forecast after selling 4.5 million PS5 consoles in the holiday quarter

Andreas Milano
  • Sony raised its full-year forecasts for profit and sales by 34% and 4% respectively.
  • Sales at Sony’s gaming division rose 40% year-on-year, helped by the launch of its PS5 console.
  • The firm shipped 4.5 million PS5 units last year, roughly in line with analyst expectations.

graphical user interface: In this photo illustration a PlayStation 5 logo seen displayed on a smartphone.

© Provided by CNBC
In this photo illustration a PlayStation 5 logo seen displayed on a smartphone.

LONDON — Sony hiked its full-year profit and sales forecasts Wednesday, as the Japanese tech giant said sales of its new PlayStation 5 console reached 4.5 million units in the holiday quarter.

The company reported operating profit of

Read More Rapidly Responds To Change With Render’s Cloud Infrastructure

Andreas Milano

Job search company Placement recently shifted its focus as a result of Covid-19, and cloud infrastructure provider Render made the shift easy.

Placement is a recruitment company focused on the people who are looking for jobs, not on the employers or recruiters that are the focus of most recruitment companies.

“Our whole goal is to be 100% candidate aligned,” said Sean Linehan, co-founder and CEO of Placement.

“When we started the company, we were originally helping people relocate for better job opportunities,” said Linehan. But as the Covid-19 pandemic started to take

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Rightfoot raises $5 million seed round led by Bain Capital Ventures

Andreas Milano
  • Rightfoot is an infrastructure fintech allowing any company to embed student-loan repayment features.
  • It just raised a $5 million seed round led by Bain Capital Ventures.
  • Beyond student loans, the cofounders want to build an API to streamline any kind of debt repayment.
  • Visit the Business section of Insider for more stories.

Danielle Pensack and Deirdre Clute met in grad school. Both having taken on student loans to attend the Stanford Graduate School of Business, they, like many entrepreneurs, set out to fix their own problem. 

A classmate and early angel investor introduced them to Will Schmitt, a former software

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