Sony on Tuesday announced a price hike for its flagship PlayStation 5 console, even as the device enters its fourth year on the market. The Japanese gaming giant said its suggested retail price for the PS5 is now 79,980 yen ($553), up 19% from the previous price. The hike will take effect from Sept. 2. Sony cited a challenging external environment, including fluctuations in the global economy, as the reason for the price increase. ...

Sony Group Corporation (SONY) recently launched an innovative software – Gaming Virtualizer by 360 Reality Audio – to bring spatial audio to the listeners, allowing gamers to experience more realistic and immersive sound quality using their headphones. "Gaming Virtualizer by 360 Reality Audio" is a plug-in software designed specifically for game developers. This software integrates seamlessly with Wwise, a cross-platform audio middleware developed by Audiokinetic Inc., widely used in game development for cr ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? T ...

Stock Split and Dividend Policy - Sony is implementing a 5-for-1 stock split for its U S-listed ADRs effective October 1 [1] - The company pays dividends semi-annually, with fiscal year 2023 payments of 40 yen ($0 28) and 45 yen ($0 31) per ADR, resulting in a dividend yield of 0 7% [2] - Sony plans to increase its payout ratio from 32% to 40% by fiscal 2026, though specific per-share amounts were not disclosed [3] Share Repurchase Program - Sony has committed to a share repurchase program of up to 250 billion yen ($1 7 billion), although details remain limited [4] Financial Performance and Growth Prospects - Sony anticipates a significant decline in PlayStation 5 sales for the current fiscal year [6] - The company does not currently dominate any major product category [6] - Sony's five-year PEG ratio is nearly 4, indicating a high valuation relative to its growth prospects [6]

Sony Group Corporation (SONY) reported first-quarter fiscal 2024 net income per share (on a GAAP basis) of ¥189.43 ($1.22) per share, increasing from ¥175.67 reported in the year-ago quarter. Adjusted net income came in at ¥231.6 billion compared with ¥217.5 billion in the prior-year quarter. Quarterly total revenues grew 2% year over year to ¥3,011.6 billion ($19.3 billion). The upside resulted from healthy growth across G&NS, Music, Pictures, ET&S and I&SS segments, offset by a contraction in the financia ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 SONY GROUP CORPORATION (Translation of registrant's name into English) 1-7-1 KONAN, MINATO-KU, TOKYO, 108-0075, JAPAN (Address of principal executive offices) For the month of August 2024 Commission File Number: 001-06439 The registrant files annual reports under cover of Form 20-F. Indicate by check mark whether the registrant files or ...

The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Sony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global. Sony currently has no plans to submit a revised offer for Paramount, said Hiroki Totoki, the company's chief financial officer. In a response to a question during Sony's fiscal first-quarter earnings presentation, Totoki said that an acquisition of Paramount "does not f ...

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: Sony raised its full-year net profit forecast after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors. Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and im ...

Sony Pictures Entertainment posted first quarter operating incoming of $73M, down over 36% year-on-year on a U.S. dollar basis. Revenues also slipped 7% from $2.32B to $2.17B for the three months ended June 30, 2024, despite the performances of films such as The Garfield Movie and Bad Boys: Ride or Die and growth in streaming subs. Overall, Tokyo-based Sony pointed to a reduced number of theatrical releases and new TV season launches for the financial drops, but noted anime streamer Crunchyroll had swelled ...

Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations. Here's how Sony did in the June quarter versus LSEG consensus estimates: Revenue: 3.01 trillion yen ($20.5 billion) versus 2.8 trillion yen expected. That marked a 2% rise from the same period a year ago. Operating profit: 279.11 billion yen versus 275.35 billion yen expected. That was up 10% year-over-year. It comes after the Japanese consumer electronics power house reported a disappointing full-year 20 ...