SONY Stock Recent News
SONY LATEST HEADLINES
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.
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.
Its yield is less than 1% at present. Management has pledged to be more generous in the coming years.
Holograms are no longer limited to the screens of Star Trek; they are here and now, with uses ranging from movies and computer games to medicine and automotive. As innovations have made holographic displays more realistic, engaging and interactive, they are expected to find new applications in numerous industries.
Sony Group Corporation stock is down over 30% in 2022, with a recent 12% drop in American stock, despite good financial results and forecasts. Sony plans to spin off its financial business in October 2025, potentially unlocking shareholder value. Sony's diversified business model includes segments like gaming, music, pictures, consumer electronics, imaging, and financial services, with positive earnings results and growth forecasts.