Sony warns of China virus impact on raised forecast for year

Posted at 6:07 AM, Feb 04, 2020
and last updated 2020-02-04 06:07:11-05

TOKYO (AP) — Japanese electronics and entertainment company Sony Corp. warned Tuesday that forecasts and results were at risk because of the new virus in China, as it reported a drop in fiscal third quarter profits on stumbling video game, networking and film businesses.

Tokyo-based Sony, which makes PlayStation video-game consoles, Bravia TVs and Spider-Man films, said the impact of the virus was unclear, but production and sales of its image sensor division were at risk.

The company promised to release any new forecasts as soon as possible.

It raised its profit forecast for the year through March 2020 to 590 billion yen ($5.4 billion).