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Sony shares jump 9% after profit forecast hike

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TOKYO — Shares in Sony Group Corp leapt 9% on Wednesday morning in Tokyo after the entertainment conglomerate raised its full year profit forecast in contrast to lackluster projections by many industry peers.

Sony also reported that it produced more than 6.5 million PlayStation 5 units during the second quarter ahead of the year-end shopping season, signaling that supply chain snarls that have hampered the games business are easing. (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)



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