Sony’s profit disappoints as weaker games biz overshadows record result
By Makiko Yamazaki TOKYO (Reuters) - Japan's Sony Corp reported lower-than-expected profit on Friday as its previously thriving gaming business sagged, though a one-off gain related to its acquisition of EMI nevertheless pushed the quarterly result to a record high. Sony has reinvented itself as an entertainment company with stable revenue from music content and gaming, after battling years of losses with consumer electronics such as television sets that are more susceptible to price competition. But investors are now looking for the next profit pillar as Sony's gaming business shows signs of slowing, with its popular PlayStation 4 (PS4) console nearing the end of its lifecycle.
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