While Sony's share price was in decline ahead of yesterday's PlayStation Meeting announcement, the reveal of its new hardware prompted a 2.4 per cent rise during after-hours trading.
Sony CEO Hiroki Totoki and CFO Lin Tao talked about the state of the PlayStation business and the strategy and targets going forward, including how they're responding to the tariffs.
Sony announced its financial results for the fiscal year 2024, and things are certainly looking up, despite a decline in PS5 sales.
If their profits fall next quarter, we'll probably see more price hikes. I can't imagine having to pay £20 a month for PlayStation Plus.
Decline in hardware sales.
Behind on lifetime sales and decline in first party sales.
Third party content and PSN came through to save the day.
Things will improve starting with the next Ghost game.
Hopefully a steady flow of first party content by end of '25
PlayStation 5 has shipped 77.8 million units worldwide, Sony announced in its financial results for the three months ended March 31, 2025.
Ps4 hype even Chad Daddy Warden came back for it!
http://www.youtube.com/watc...
On topic
Other article debunked.
It seems to me that people and companies alike have an over-obsession with stock prices. I think it's a fundamental flaw in the structure of our economy if companies are this obsessed and reliant upon share prices--i.e., "pleasing" the shareholders. Stock value should not be the primary concern of a company--profitability and long-term stability should be. But that's just my opinion.
Facebook was on top of the world, viewed as one of the hugest homerun successes in the past decade, prior to going public. All of a sudden, when it became a publicly traded company, and the share prices were shown to be lackluster, there became this perception that Facebook was over-the-hill, or in some ways a failure. Anyone else see the failure in this logic by the financial community and general public?
2 articals in 1 day about the exact same thing who doing damage control i think its time for me to bring a few to hell.
The PS4 only does everything ... and more.
This is great news! What do you think Cocozero?
Actually 2.4% is nothing particularly amazing, but it's all in the right direction at least. It has to be good news to see any shares in the industry rising after the recent general decline.
Here's hoping this (and Microsoft's impending announcement) help the industry gather more pace again ;)