SONY Stock Recent News

Atul Goyal, managing director at Jefferies, discusses the high price of Sony's new PlayStation 5 Pro.

Sony plans to execute a 5-for-1 stock split in October. The electronics giant intends to spin off one of its divisions, exchanging some Sony shares for stock in the new company.

SONY's subsidiary, Sony Electronics, launches MDR-M1 reference closed monitor headphones, crafted to deliver sound that reproduces the creator's original intent.

Sony Group Corporation (NYSE:SONY ) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 11:20 AM ET Company Participants Tony Vinciquerra - Chairman and CEO Unidentified Company Representative Again, we have Tony Vinciquerra, Chairman and CEO, and of Sony Pictures Entertainment. And Tony, you're like -- I don't know, like the industry guru at this point.

In collaboration with  professional music producers, the MDR-M1 is designed to achieve sound that accurately reproduces the creative intent SAN DIEGO , Sept. 5, 2024 /PRNewswire/ -- Sony Electronics Inc. today announced the MDR-M1 Reference Closed Monitor Headphones, designed for music creators and sound engineers to produce music in any environment, heard as intended.

Sony has one of the biggest gaming flops in recent memory on its hands with multiplayer shooter Concord, which is being removed from digital stores less than two weeks after the Playstation and PC exclusive's 23 August launch. Sony purportedly spent eight years developing the title in collaboration with Firewalk Studios only for it to release to average reviews and embarrassingly low sales.

To say Etherem has struggled lately might be an understatement.  Sony's new Layer-2 blockchain, Soneium, highlights a growing trend of corporate adoption.

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.