Sony hikes profit forecast on gaming strength

Sony raised its full-year operating profit forecast by 8% to 1.72 trillion yen ($10.72 billion), citing the strength of its gaming business. The Japanese conglomerate's pivot to entertainment has drawn praise, but investors remain concerned about AI's impact and a memory chip price boom. Sony also disclosed it received an acquisition proposal from camera-lens maker Tamron, and raised its image sensors forecast on higher sales and exchange rates.