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Sony predicts big jump to record annual profit on winning gaming strategy

TOKYO: Japan’s Sony Corp boosted its annual profit outlook by 30 percent to a record level after a strong second-quarter, propelled by popular game titles like “Marvel’s Spider-Man” as well as growing demand for its online gaming services. The results are a vindication of a strategic shift by the entertainment and electronics firm to build up businesses like gaming which is less susceptible to the earnings ups and downs seen in consumer electronics. “Sony has become, more than most people realize, a company that generates…