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Dublin, Nov. 15, 2024 (GLOBE NEWSWIRE) -- The "North America Soundbar Market Size, Share & Trends Analysis by Type, Application, Installation Method, Distribution Channel, Connectivity, and Country: 2024-2031 Growth Forecast" report has been added to ResearchAndMarkets.com's offering.The North American Soundbar Market is expected to witness market growth of 8.5% CAGR during the forecast period (2024-2031).The US market dominated the North American Soundbar Market by country in 2023, and is expected to cont ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed alongsi ...

Sony Group Corporation (NYSE: SONY ) reported Q2 ’24 earnings on November 8, 2024 , sending shares up by 12% before moderating to 9% going into the close. Despite the moderate growth forecast for e2h24 and theMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, OFS, Midstream, Industrials, Information Technology, EPC Servi ...

Financial Data and Key Metrics - Consolidated sales excluding Financial Services increased 9% YoY to ¥2,973.4 billion, while operating income surged 57% to ¥389.3 billion, a record high for Q2 and H1 [14] - Including Financial Services, consolidated sales rose 3% YoY to ¥2,905.6 billion, with operating income up 73% to ¥451.1 billion and net income increasing 69% to ¥338.5 billion [14] - Full-year forecast for consolidated sales excluding Financial Services was slightly raised to ¥11.800 trillion, with operating income unchanged at ¥1.165 trillion [15] Business Line Performance Game & Network Services (G&NS) - Sales increased 12% YoY to ¥1,071.5 billion, driven by third-party software sales despite a decline in hardware sales [16] - Operating income surged 184% YoY to ¥138.8 billion, a record high for Q2, due to higher profits from hardware, third-party software, and network services [16] - Monthly active users across PlayStation platforms grew 8% YoY to 116 million, with total playtime up 14% YoY [18] Music Segment - Sales rose 10% YoY to ¥448.2 billion, with operating income up 12% to ¥90.4 billion, driven by live performances, merchandising, and streaming revenues [11] - Streaming revenue increased 9% YoY for both Recorded Music and Music Publishing, with catalog music consumption rising significantly in mature markets [12] Pictures Segment - Sales decreased 11% YoY to ¥355.8 billion, primarily due to fewer television program deliveries impacted by previous strikes [26] - Operating income fell 37% YoY to ¥18.5 billion, with a downward revision in the forecast for the India business [26] Imaging & Sensing Solutions (I&SS) - Sales increased 32% YoY to ¥535.6 billion, driven by higher sales of mobile image sensors and favorable FX rates [30] - Operating income nearly doubled YoY to ¥92.4 billion, though the full-year forecast was revised downward due to production adjustments by a major customer [30] Market Performance - The global smartphone market showed gradual recovery, with positive growth in China and Europe, and signs of recovery in North America [25] - Mobile sensor sales significantly increased due to larger die sizes and steady shipments to a major customer, though the forecast for H2 was revised downward [25] Strategic Direction and Industry Competition - The company is focusing on expanding its sports business through acquisitions like KinaTrax and partnerships with organizations like the NFL [1][3] - In gaming, the company is balancing single-player games with live service games, learning from both successes (Helldivers 2) and failures (Concord) [21][22] - The company is leveraging evergreen music catalogs for stable revenue and exploring additional monetization opportunities through merchandising and live events [23] Management Commentary on Operating Environment and Future Outlook - Management expects short-term volatility in the high-end smartphone market due to AI functionality but sees long-term growth potential [4] - The company is cautious about the year-end selling season, adjusting production inventory plans proactively [24] - Management highlighted the importance of evergreen music catalogs in catering to a more mature user demographic [58] Other Important Information - The company completed the acquisition of KinaTrax, a U S-based motion capture technology company, to enhance its sports business [1] - Crunchyroll is expanding its global user base through partnerships with Amazon Prime Video and YouTube Primetime Channels [2] - Sony Financial Group is preparing for a partial spinoff and listing, with efforts to stabilize its economic value-based solvency ratio (ESR) [32][33] Q&A Session Summary Questions on I&SS and Gaming - The I&SS segment's downward revision was attributed to a major customer's production adjustment, but it is not expected to impact next fiscal year [44] - In gaming, the company has made progress in cost-cutting and optimizing investments, leading to improved profitability [45] Questions on Live Service Games - Management acknowledged the need for better validation and user testing in live service game development, learning from both successes and failures [50][65] Questions on U S Election Impact and Music Business - The company is monitoring the potential impact of the U S presidential election on tariffs and global economic conditions [54] - Evergreen music catalogs are seen as a stable revenue source, with additional monetization opportunities through merchandising and live events [57][58] Questions on PS5 Sales and Semiconductor Investments - PS5 sales targets remain unchanged at 18 million units, with the PS5 Pro targeting high-end users [61] - The company is contributing to the semiconductor industry's growth, focusing on infrastructure and technology personnel [63] Questions on Streaming Growth and I&SS Profitability - Streaming growth has slowed, but the overall structure remains stable, with potential for future price increases [97] - I&SS profitability is improving, though capital investment and depreciation are impacting margins [99] Questions on Operating Cash Flow - Operating cash flow was revised upward by ¥40 billion, driven by improved profitability in the gaming business and better inventory control [104][105]

CardioComm Solutions Integrates ECG Technology into Sony's mSafety PlatformCollaboration Brings Advanced ECG Monitoring to Sony's Wearable Health SolutionNovember 11, 2024 8:59 AM EST | Source: CardioComm Solutions, Inc.Toronto, Ontario--(Newsfile Corp. - November 11, 2024) - CardioComm Solutions, (TSXV: EKG) a global leader in medical electrocardiogram (ECG) monitoring technology and a pioneer in Remote Patient Monitoring (RPM) solutions, is pleased to confirm a technology partnership with So ...

Investors rewarded the company's latest piece of news by snapping up its shares. Tech and entertainment conglomerate Sony (SONY 8.98%) hasn't been considered a major player in either industry for decades. But you wouldn't know that from its stock's performance on Friday. On some quite positive company news, it was a hot item among investors, so much so that it closed the day 9% higher in price. That absolutely crushed the performance of the S&P 500 index, which inched up 0.3%. Sales bumped higher and net in ...

Sony Group Corporation (SONY) reported second-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥55.74 (37 cents), up from ¥32.35 in the year-ago quarter. The Zacks Consensus Estimate was pegged at 27 cents. Adjusted net income came in at ¥338.5 billion compared with ¥200.1 billion in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Quarterly total revenues rose 3% year over year to ¥2,905.6 billion ($19.5 billion). This upside resulted from healthy ...

The Japanese tech giant revised its fiscal 2025 revenue target up slightly to 12.7 trillion yen. It previously targeted 12.6 billion yen in sales. Sony also expects full-year operating profit of 1.3 trillion yen, in line with its previous forecast.Here's how the company did in the September quarter, versus LSEG consensus estimates:Sony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.That came as So ...

Refresh for latest…: Second-quarter profits at Sony Pictures Entertainment slid to $124 million for the three months ended September 30, 2024. That’s a 39% decrease versus the similar quarter in 2023, on a U.S. dollar basis.  Adjusted OIBDA (Operating Income Before Depreciation and Amortization) came in at $218 million (-26%). This is based on revenues that were down 14% compared to last year, landing at $2.385 billion. Announcing results from Tokyo, Sony Corp said the drops were attributable to lower seri ...