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Sony raises profit outlook by a third amid home entertainment boom

Japanese electronics and media giant Sony Corp raised its full-year profit outlook by one-third and said it was struggling to keep up with pandemic-fuelled demand for the new PlayStation 5 amid a global shortage of semiconductors.

Sony, which launched the PS5 in core markets in November, said on Wednesday it expected to sell more than 7.6 million consoles by end-March.

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