Sony Pictures Entertainment CEO Tony Vinciquerra will step down from his role at the beginning of next year and will be succeeded by COO Ravi Ahuja effective Jan. 2, 2025, the company said in a statement on Tuesday.
Sony's PS5 Pro was already the most expensive major gaming console. Then it got even pricer.
In late November 2020, I was one of those people standing in line—or rather, refreshing my browser—hoping to snag a PlayStation 5 during a restock. The pandemic was in full swing, and with most of the world locked indoors, there weren't many better things to do.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Recently, Zacks.com users have been paying close attention to Sony (SONY). This makes it worthwhile to examine what the stock has in store.
With the launch of the INZONE M10S and INZONE M9 II to the INZONE gaming gear range, SONY aims to elevate the gaming experience.
Sony and MicroStrategy have expanded beyond their roots in electronics and software, respectively, adding complexity to investing in them. Sony is focused on its entertainment business and plans a partial spin-off of its financial services arm.
Sony stock remains a buy due to its undervaluation compared to peers and its strong global brand in gaming and music. The spin-off of the financial unit next year could help unlock value for shareholders. Complexities around the tax status of the spin-off may present further opportunities for investors before such value is realized.
Sony plans to perform a 5-for-1 stock split in October. The veteran electronics company is concentrating on its entertainment businesses, which generated the majority of revenue in its last fiscal year.
Sony Group Corporation (NYSE:SONY ) Q2 2023 Earnings Conference Call November 8, 2023 2:00 AM ET Company Participants Sadahiko Hayakawa - General Manager, Finance Department Hiroki Totoki - President, COO, CFO, Representative Corporate Executive Officer & Director Conference Call Participants Kentaro Tsutsumi - Nikkei Newspaper Masahiro Ono - Morgan Stanley Kota Ezawa - Citigroup Junya Ayada - JPMorgan Chase & Co. Ryosuke Katsura - SMBC Nikko Securities Unidentified Company Representative The time has come. FY 2023 Q2 financial results announcement for Sony Group Corporation.
Sony (SONY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SONY has highlighted that PS5 Pro hardware will enable a 45% faster rendering for gameplay when compared with the PS5.