Recently, Zacks.com users have been paying close attention to Sony (SONY). This makes it worthwhile to examine what the stock has in store.
Sony Corporation (SONY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SONY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
Sony hikes the price of its PlayStation 5 console in Japan by 19%, raising the cost to nearly 79,980 yen.
Sony's Q1 '24 earnings were decent, but concerns about the gaming segment's live service strategy led me to downgrade to a hold rating. Despite a 25% stock increase since May, I'm cautious about adding to my position due to uncertainties in the gaming segment. The gaming segment saw mixed results: strong software sales but disappointing live service game performance, particularly with the flop of Concord.
A merger with Zee ended earlier this year is now behind Sony. Investors are cheering the news today, but Sony's growth and profitability should still be questioned.
Sony Group (SONY) said it is increasing the price of its PlayStation 5 in Japan by 19% to around 80,000 yen ($550), in an unexpected move by the tech and entertainment giant.
Sony Group Corp (NYSE:SONY) has announced another price increase for the PS5 in Japan, effective September 2. The standard PS5 model with a disc drive will cost approximately $550, while the digital version will be priced at around $500, both seeing a $90 increase.
Sony said its suggested retail price for the PlayStation 5 is 79,980 yen ($553), up 19% from the previous price. The hike will take effect from Sept.
Sony is raising the price of its PlayStation 5 (PS5) games console in Japan by about 20%, it said on Tuesday, citing a difficult external environment including global economic fluctations.
SONY unveils "Gaming Virtualizer by 360 Reality Audio" software to unleash immersive gaming experience by creating spatial game sound.
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The Sony Playstation 5 may be approaching the second half of its generational cycle, but the recent release of hit title Black Myth: Wukong appears to have revitalised sales in the typically muted Chinese market. Developed by Hangzhou-based studio Game Science and based on legendary Chinese novel Journey to the West, Black Myth: Wukong finally launched on the PS5 and PC this week following years of fervent hype.