Sony Playstation game controllers are shown at Best Buy store on December 17, 2024. In San Rafael, California.
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Divides into Sony Group rose as much as 10.7% on Friday after The company has increased its income forecast and obtain for her current financial year that ended in March.
The Japanese Conggling of Technology and Entertainment announced on Thursday to increase its appearance for annual operational profit to $ 1.34 billion Jena ($ 876 billion), which is a 2% increase compared to the previous financial year.
He also expects a year -round sale to reach 13.2 trillion yen, 4% higher than his student forecast, on the back of stronger performance in his toy and music business in the third quarter.
For a quarter in December, the company’s operating revenue was 469.3 billion yen, which is more than 1% compared to the year before.
Sony – which in the 1980s increased for its consumer electronics products like Walkman – expanded its offer to movies, music and toys consoles like the popular PlayStation.
Operational profit in its toy business increased by 37% in its fiscal third quarter, conducted by higher sales in network services, hardware and third -party software.
In December, the company sold 9.5 million units of its PlayStation 5 console, compared to 8.2 million in the same period a year ago. This brings a total lifetime sale of PS5 to 74.9 million units, based on Sony’s results for the latest and previous year.
Speaking on his results on Thursday, Sony’s President and CEO of Hiroki Totoki noted that the number of monthly active users on PS platforms in December increased by 5% of the year, to 129 million accounts, “”The highest number in PS history. “
“The total play time also increased by 2%, which marked the seventh consecutive growth quarter from year to year,” he added.
Stocks in Sony Group
Damian Thong, Japan chief for exploring a share of Japan and a higher research analyst, a technological sector, in Macquarie Capital, said the company “has been quite cheap in recent months [with] Some of his peer groups that have strong races, “appointment Nintendo as an example.
He believes that Sony’s stock has “some ways” to progress.
In Forward, Thong is especially optimistic in the prospect of Sony’s Games Division.
“They have a good slate on the side of the first side and a significant launch on the third -party side, as a reduction of the costs they made last year, I am quite convinced that in the next fiscal year it will grow strongly in the games,” he said on Friday on CNBC Street.
– CNBC -ov Ryan Browne contributed to this report.
