Sony

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

Japanese electronics giant Sony yesterday upgraded its annual sales and net profit forecasts, driven by strength in its music business and favorable foreign exchange rates.

The conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen ($6.0 billion), up from a previous estimate of 840 billion yen.