Sony posts 45% Q2 profit rise on movies, games boost

TOKYO, Nov ‌5 (Reuters) - Sony ​on ​Thursday reported a 45% rise in second-quarter ‌operating profit of 622.3 billion ⁠yen ($3.95 billion), beating market estimates, due ‌to stronger performance ‌at its games and movies units.

Contributors to the stronger performance, ​which led the Japanese entertainment and technology conglomerate ⁠to hike its full-year profit outlook by ​9%, included the hit movie "Spider-Man: Brand New Day".

Sony's games ​business is expected ‌to be a major beneficiary of the launch ⁠of "Grand Theft Auto VI" on November 19 but is grappling ⁠with higher memory chip prices due ​to the AI boom.

Companies continue to be squeezed by elevated memory prices, ‌with iPhone maker Apple this week flagging pressure ‌on margins over the ⁠holiday quarter.

($1 = 157.8400 ‌yen)

(Reporting by ​Sam Nussey; Editing by Christopher Cushing and Christian ‌Schmollinger)

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