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Japan’s Sony sees profit grow on demand for games, but quake damage still unclear

First publishedJul 31, 05:58 UTC
Last updatedJul 31, 07:58 UTC · 2m ago
11 outletSeattle Times
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Japan’s Sony sees profit grow on demand for games, but quake damage still unclear
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Answer

Sony reported a 32% profit growth in the fiscal first quarter, even as the Japanese entertainment company warned of a negative impact from the earthquake that hit southwestern Kumamoto earlier this week.

Reported by 1 outlet Seattle Times. See all sources ↓

Sony said its profit rose 32% in the first three months of its financial year. The growth came mainly from strong sales of its video games. At the same time, Sony warned that a recent earthquake in Kumamoto, Japan, might hurt its business. The exact size of any damage from the quake is still unknown.

Why it matters

It shows how a big company can earn more even while facing possible problems from natural disasters. Readers who enjoy games or invest in big firms can see how both success and risk coexist.

In brief
What caused Sony's profit to go up?
Higher demand for its video games drove the profit increase.
What uncertain effect does the earthquake have on Sony?
Sony says the quake in Kumamoto might harm its business, but the damage is not yet clear.
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All outlets frame the story the same way, focusing on Sony's profit rise from games and the unclear quake impact.

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    Japan’s Sony sees profit grow on demand for games, but quake damage still unclear

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    Seattle Times
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