CNN: Sony hasn’t been this hot since it made the Walkman

[Gizmo_Duck]

https://edition.cnn.com/2024/12/14/tech/sony-stock-record/index.html

The last time Sony was worth this much on the stock market, Bill Clinton was president and the PlayStation 2 was about to debut on American store shelves.

It’s been a rough past two and a half decades for Sony, the 78-year-old company that invented the Walkman and the PlayStation and had long been an icon of consumer electronics. It largely missed the boat on the mobile phone revolution, and while the PlayStation has been profitable, production costs for other electronics have risen while demand has softened.

But as opportunities arise in streaming, Sony is trying to transition from being a legacy consumer electronics company to an original content and entertainment company.


The strategy is working: In the past three years, Sony’s stock (SONY) has started to break out of a decades-long slump. Sony’s stock price in Japan recently closed at the first record high since March 2000, signifying confidence in the company’s ability to evolve its game offerings and steer itself toward entertainment, Damian Thong, a research equity analyst at Macquarie, told CNN.

“If you went back 30 years ago, it was an electronics company, so best known as a seller of hardware,” Thong said. “But today, the company is primarily generating profits off of entertainment, which is games, music and (TV and movies).”

Sony’s stock is up almost 18% in the past month, outpacing entertainment heavyweights like Disney and Netflix, and boosted from investors piling into the Nasdaq, which crossed 20,000 for the first time this week.

 

[Json]

Madame Web saw this coming

 

[KnickstapeCity]

Change your name to @Glaze_Duck. Fukking fakkit.

 

[The Mad Titan]

Not once did it mention console hardware sales.

 

[levitate]

I mean, it’s what we do…

 

[levitate]

Not once did it mention hardware sales.

No need to pile on and further embarrass X-Box console sales numbers.

Being kind, it’s what we do…

 

[Gizmo_Duck]

Not once did it mention console hardware sales.

It’s been a rough past two and a half decades for Sony, the 78-year-old company that invented the Walkman and the PlayStation and had long been an icon of consumer electronics. It largely missed the boat on the mobile phone revolution, and while the PlayStation has been profitable, production costs for other electronics have risen while demand has softened.

Since the 1990s, Sony has been a dominant player in the videogame console business with iterations of the PlayStation. In 2020, the company released the PlayStation 5, which has consistently outsold its main competitors like Microsoft’s Xbox Series X and Nintendo’s Switch, according to data from Ampere Analysis, an analytics firm for the games business

In addition to Sony Interactive Entertainment, which makes the PlayStation, the behemoth

In November, Sony announced a 69% percent jump in net quarterly profit, driven in part by its game segment. The company has had consistently strong quarters this year, driven by profitability in its games.

link is literally at the top of the post

 

[Pressure]

Ps5 outsold the switch?

 

[Gizmo_Duck]

Ps5 outsold the switch?

For the past two years it has, this article is about sonys current profitability

 

[Pressure]

For the last two years it has

So since 2020…it hasn’t consistently outsold the switch

 

[Gizmo_Duck]

So since 2020…it hasn’t consistently outsold the switch

For the past two years it has, this article is about sonys current profitability

 

[Pressure]

Not once did it mention console hardware sales.

Sony game sales up since they’re releasing on Pc

 

[Pressure]

link is literally at the top of the post

So since 2020…it hasn’t consistently outsold the switch

 

[Gizmo_Duck]

CES should be interesting this year

 

[The Mad Titan]

Sony stock being up has nothing to do with console sells and everything to do with everything else they are doing with streaming and anime.