Sony Group's shares have never been higher than they are right now, and that's thanks in large part to its PlayStation division.
The corporation's shares are currently worth ¥3,338, beating the previous highest value — ¥3,260, achieved in 2000.
This rise in value stems from growth in the gaming segment. PlayStation reported a very strong second quarter, reaching operating profit of $900 million, also a record high for the division's Q2.
Indeed, things have been quite rosy for the company this generation. PS5 is the most profitable console for Sony yet, and is selling roughly in line with PS4.
PlayStation's profitability forecast for the current fiscal year was actually increased, with Sony's reasoning being increased hardware and third-party game sales.
It isn't all sunshine and rainbows in Sony's circles, of course, with studio closures, the disastrous launch of Concord, hardware price increases, and more impacting the platform holder this year. Still, even with some knocks and missteps, it appears Sony as a whole is doing very well, with PlayStation a very important cog in the machine.
[source wsj.com, via videogameschronicle.com]
Comments 17
Even when they have a massive failure like Concord they keep going up. It's scary. Imagine if they get Kadokawa's IP vault...
And they just announced 28 Years Later!🧟♂️🧟♂️🧟♂️
all thanks to the legacy of the PS4 (& 3) and the clueless new generation that don’t know much about playstation. all they care about is their V-bucks & robuxs, CODs , & sports games 😂
btw, concord will forever live rent free in yalls heads; it had potential had it not included forced agendas
@Shepherd_Tallon You win some you lose some. They made more successful bets in the last few years than failures.
@nomither6 I agree Concord had potential, but it was less about forced agendas, most people don't know or don't care about that, only the terminally online. It was more that the characters were dull, there wasn't enough content/game modes and the game never grabbed an audience. With different marketing and a proper early access period they could have probably built something better off it. The foundations were there. Sony's mistake was not stepping back and re-evaluating after the Open Beta had almost no players. It was free and no one wanted to play it.
There’s another article floating around from a different site claiming the bump to Sony share prices is a direct result of the potential Kadokawa deal. I don’t know enough (or care to know enough) about financials/stock market to know which is more accurate, but it’s interesting nonetheless. Truth is probably somewhere in the middle, I would imagine.
“PlayStation's profitability forecast for the current fiscal year was actually increased, with Sony's reasoning being increased hardware [prices] and third-party game sales.”
Fixed that for you! 😂
Seriously, you walked right into that one!
@Balaam_ Sonys share price going up is for a bunch or reasons. Possible Kadokawa buyout is one of them, good financial reports is another. But they have been trending up for the last few months regardless of either.
Meanwhile Kadokawa had a massive share boost from around 3,000 Yen to around 4,400 Yen purely off the back of the Sony buyout rumour and then their letter of intent.
It seems like Sony shareholders are not concerned with the treasonous felon's tariffs in the U.S.
I hope they are right.
@themightyant "the terminally online"
Excellent description.
Feels good to vicarious live through my favorite video game platform and company right now!
Sony has made so many games that I don’t care about! But I spend more time playing the games I do care about rather than complaining about the ones I don’t care about. So all that “this gen is a failure” nonsense is just a figment of people’s imaginations. PS has never been bigger as a brand and it’s as popular as ever. Deal with it! lowers pixelated shades
We all know Sony about to buy Kadokawa that’s probably one of the reasons they’re stock price is very high right now.
Not bad for a console with no games
@AhmadSumadi I keep seeing people say nothing is coming out meanwhile I always have to pick and choose my games because so many high quality releases are out or are coming out.
Just imagine if Sony’s TV division was in the top 3 brands of TV’s. They would be doing even better. Still a solid outing and as a company they need PS to continue to do well. It’s a cash cow for sure.
Now imaging their financials after they get their games announced and lined up for release again xD
@themightyant "It was more that the characters were dull, there wasn't enough content/game modes and the game never grabbed an audience."
That is precisely what happens when you have forced agendas.
@The_Wailing_Doom "It seems like Sony shareholders are not concerned with the treasonous felon's tariffs in the U.S."
I guess the market speaks louder than any pushed narrative. "Trump trade" predicted the elections.
This is literally not Trump's first rodeo. He is a businessman first and foremost. Tariffs are leverage, plain and simple.
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