Sony Group's stock price reached a record high, driven by optimism around its gaming and entertainment segments. The stock closed at 3,338 yen, a 4.1% increase, surpassing the previous record of 3,260 yen set in 2000. This surge follows the announcement of strong quarterly results through September, with net profit up 69% to 338.5 billion yen, fueled by robust gaming performance. Sony's gaming division saw operating profit more than double, supported by increased software and network services sales, along with improved hardware profitability. The company raised its revenue forecast for the fiscal year ending March 2025, expecting higher gaming income. Sony is focusing on its core entertainment business, planning to divest its insurance and online banking units.
Sony Stock Hits Record High on Strong Gaming and Entertainment Performance
Dec 10, 2024
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