Sony Group shares hit a record close on Tuesday, thanks to growing optimism about its PlayStation business and other entertainment units.
The shares closed up 4.1% at 3,338 yen ($22) on Tuesday, surpassing the previous closing high of 3,260 yen reached in 2000.
According to the Wall Street Journal, shares have been rising since last month, when Sony reported strong results for its second quarter, driven by profit growth in its gaming segment.
Operating income for the three months ended in September reached around $900 million, a new record for PlayStation during the second quarter.
Sony expects the PlayStation business to generate record operating income for its current fiscal year ending in March 2025, partly due to strong sales of third-party games and PlayStation Plus subscriptions.
The company recently updated the PlayStation website with a timeline chronicling 30 years of the iconic gaming brand. Featuring a wealth of images, videos and statistics, the update was released ahead of PlayStation’s 30th anniversary on December 3, 2024.
Last month, Sony launched the PlayStation 30th Anniversary Collection, which includes the gray PS5 Digital and PS5 Pro consoles. The standard PS5 Pro also launched in November, with a manufacturer’s suggested retail price of $699.99 / £699 .99.
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