Gaming helps double Sony's Q4 operating profit

STORY: Gaming helped double Sony's fourth-quarter operating profit, the company said Tuesday (May 10).

The Japanese company's profit for the three months to March 31 was over $1 billion

- helped by strong performances in gaming and its network services business.

Sony has benefited from demand for its Playstation 5 console,

which drives online game downloads and sign-ups for subscription services.

It plans to sell 18 million PlayStation 5 consoles this business year.

However, it warned it could be forced to revise that production target if any new lockdowns in China make component procurement difficult.

Sony has also expanded its software business.

In February, it announced it was buying Bungie, the creator of the "Halo" video game for $3.6 billion.

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