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CHARLY TRIBALLEAU/AFP via Getty Images The Japanese electronics and entertainment giant sold a record 7.8 million PlayStation 5 units for the fiscal year. Sony's annual results were buoyed by stellar early sales for its PlayStation 5 games console and brisk business for its music unit. The company's film division saw its full-year profit rise, but earnings fell in the final quarter of the fiscal year ended in March compared to the same period a year ago due to the COVID-19 pandemic. The Japanese electronics and entertainment giant reported that net income for fiscal year 2020 grew 101 percen...

Coco Van Oppens/Sony Pictures The pandemic continues to drag down theatrical revenue, but the film and TV unit benefited from lower marketing and advertising costs and an increase in licensing and home entertainment sales. Sony Pictures saw its fiscal third-quarter profit jump to $212 million despite the novel coronavirus pandemic continuing to weigh heavily on the theatrical film business. Sony Corp. reported the film unit's October-to-December results Wednesday in Tokyo. The results represent a significant increase from the studio's profit of $51 million in the same period in 2019, buoyed ...