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One of Wall Street's Cheapest Tech Stock-Split Stocks Is Ready to Take Center Stage This Week
The Motley Fool· 2024-10-07 09:06
This brand-name tech stock is set to split its shares for the first time in almost a quarter of a century. For a majority of the last two years, no trend has excited the investing community quite like the rise of artificial intelligence (AI). But in 2024, the euphoria surrounding stock splits has, arguably, played an equally critical role in lifting stock valuations. A stock split is a mechanism publicly traded companies have available that allows them to adjust their share price and outstanding share count ...
Why the Market Dipped But Sony (SONY) Gained Today
ZACKS· 2024-10-01 23:06
The most recent trading session ended with Sony (SONY) standing at $96.80, reflecting a +0.24% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.93%. Elsewhere, the Dow lost 0.41%, while the tech-heavy Nasdaq lost 1.53%. Shares of the electronics and media company witnessed a loss of 1.01% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 4.21% and the S&P 500's gain of 2.17%. Analysts and inve ...
Sony's PlayStation Network suffers hourslong outage, irking videogamers
TechXplore· 2024-10-01 15:18
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: In this June 14, 2018, file people stand online next to the PlayStation booth at the 24th Electronic Entertainment Expo E3 at the Los Angeles Convention Center. Credit: AP Photo/Damian Dovarganes, File Sony's PlayStation Network went down for hours on Tuesday, frustrating gamers around the world who complained they weren't able t ...
How the cost of living crisis and games industry turmoil could hurt Sony's PlayStation 5 Pro release
TechXplore· 2024-09-28 16:50
Core Insights - The PlayStation 5 Pro is set to launch in November 2024, featuring significant upgrades in processing power and graphics capabilities compared to the original PS5, allowing for up to 45% faster rendering of graphics [3][4] - The pricing of the PS5 Pro is notably high, starting at £699 for the digital-only version and reaching £798 with a disk drive, which has led to concerns about consumer affordability amid rising living costs and inflation [5][7][10] - The gaming industry is currently facing challenges such as layoffs and a lack of exclusive titles for the PS5 Pro, raising questions about the necessity and timing of this mid-generation upgrade [8][11][14] Pricing and Market Dynamics - The PS5 Pro's pricing reflects the economic realities of 2024, including increased production costs due to supply chain disruptions and rising material costs, which Sony has passed on to consumers [9][10] - The demand for the PS5 Pro is expected to be high despite its price, with speculation that Sony is producing fewer units to create artificial scarcity, driving demand among hardcore gamers [13][14] Industry Context - The gaming industry has experienced significant shifts since the pandemic, with a surge in demand for consoles and games followed by economic downturns, leading to reduced disposable income for non-essential purchases [7] - The current generation of consoles has been marked by delays and a lack of blockbuster titles, which may hinder the PS5 Pro's appeal to a broader audience [11][12][14]
Wall Street Bulls Look Optimistic About Sony (SONY): Should You Buy?
ZACKS· 2024-09-27 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Sony (SONY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Sony currently has an average brokerage recom ...
Sony Expands INZONE Lineup With New Pro-Level Gaming Monitors
ZACKS· 2024-09-25 13:56
Core Insights - Sony Group Corporation has expanded its INZONE gaming portfolio with the introduction of the INZONE M10S and M9 II monitors, aimed at enhancing competitive gaming performance [1] Group 1: INZONE M10S Monitor - The INZONE M10S is a 27-inch, 1440p OLED gaming monitor featuring an ultra-fast 480Hz refresh rate and a response time of up to 0.03ms, developed with input from esports organization Fnatic [2] - It includes a special 24.5-inch mode for esports players, allowing a 1:1 resolution of 1332p at 480Hz, catering to those accustomed to 1080p displays [2] - The monitor offers FPS Pro and FPS Pro+ picture modes, optimized for image clarity and target identification, with the latter fine-tuned with Fnatic's VALORANT team [3] - The M10S boasts DCI-P3 98.5% color coverage, 10-bit gradation, and a peak brightness of 1300 nits, ensuring high picture clarity [4] - Its design includes a 4mm-thin base for desk space efficiency and an adjustable stand for customizable viewing angles [5] Group 2: Collaboration and Sponsorship - Sony has partnered with Electronic Arts to make the INZONE M10S the official monitor for the Apex Legends Global Series Year 4 Championship in January 2025 [6] Group 3: INZONE M9 II Monitor - The INZONE M9 II is a 27-inch, 4K monitor that enhances the existing M9 model with new features for an immersive gaming experience [7] - Key enhancements include backlight scanning technology for improved motion clarity, a 160Hz refresh rate, and a 1ms response time [8] - The M9 II features a DCI-P3 color gamut of 95% and full-array local dimming technology for better contrast levels [8] Group 4: Environmental Considerations - Both the INZONE M10S and M9 II monitors are designed to reduce environmental impact, with the M10S eliminating molded foam cushions in its packaging and offering a low-power consumption mode [9] Group 5: Pricing and Availability - The INZONE M10S is priced at $1,099.99 and $1,499.99, while the INZONE M9 II is available for $799.99 and $1,099.99 [10] Group 6: Financial Performance - In the last reported quarter, Sony's Game & Network Services sales increased by 12% year over year to ¥864.9 billion, driven by positive forex impacts and higher sales from network services [12] - Sony has raised its fiscal 2025 sales guidance to ¥12,610 billion, up from ¥12,310 billion, reflecting strong momentum across its business units [13] Group 7: Stock Performance - Sony currently holds a Zacks Rank 3 (Hold), with shares gaining 17.5% over the past year, outperforming the sub-industry's growth of 14.6% [14]
Better Stock-Split Stock: Sony vs. MicroStrategy
The Motley Fool· 2024-09-25 09:05
Choosing between these tech companies requires some detective work. There's been no shortage of companies executing a forward stock split in 2024. Among these are electronics giant Sony Group (SONY 1.43%) and software company MicroStrategy (MSTR 2.61%). Sony's 5-for-1 stock split is scheduled to occur Oct. 1, while MicroStrategy completed its 10-for-1 split in August. Both companies fall under the camp of tech stocks, but Sony and MicroStrategy have diverged from their roots in electronics and data analytic ...
Sony Still Trades At A Conglomerate Discount
Seeking Alpha· 2024-09-23 07:55
It has been almost a year since I reiterated my buy rating on Sony Group Corporation (NYSE: SONY ) and more than two years since I initiated a buy rating on the stock. This seems like a good I'm an individual investor who looks for opportunities primarily in unloved stocks. For the past 10 years, I've invested in stocks in the US as well as abroad in unloved markets like the Middle-East and Africa. Thomas Phelps' 100-1 and Philip Phisher are huge inspirations to my investing approach. I'll look to write abo ...
Is Sony Stock a Buy Ahead of Its Stock Split?
The Motley Fool· 2024-09-13 11:09
The electronics giant is focusing on entertainment sales, but there's a catch to owning shares. Stock splits have suddenly become the rage this year. Electronics giant Sony Group (SONY -0.16%) has thrown its hat into this ring, joining companies such as Nvidia and Chipotle. Sony announced a 5-for-1 forward-stock split to take effect Oct. 1. While this action lowers the price of individual shares, making them accessible to more investors, it doesn't necessarily mean Sony stock is a buy. Also, determining whe ...
Sony Corporation (SONY) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-09-12 14:05
Sony (SONY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this electronics and media company have returned +5.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Audio Video Production industry, which Sony falls in, has gained 10.8%. The key question now is: What could be the stock's future direction? Although media ...