Sony PlayStation game controllers are displayed in a Best Buy store on December 17, 2024 in San Rafael, California.
Justin Sullivan | Getty images
Sharing Sony group increased up to 10.7% on Friday after the company increased its income and profits for its current financial year in March.
The Japanese technology and entertainment conglomerate announced Thursday that it increased its prospects for annual operating profit to 1.34 Billion from Yen (87.6 billion dollars), an increase of 2% compared to the fiscal year previous.
It also expects annual sales to reach 13.2 Billion from Yen, 4% higher than its November forecasts, on the back of stronger performance in its game and music activity in the third quarter.
For the December quarter, the operating profit of the company came to 469.3 billion yen, up 1% compared to a year earlier.
Sony – which grew up in the 1980s for its consumer public products like The Walkman – has widened its offers to include films, music and game consoles as popular PlayStation.
Operating profit in its game activity increased by 37% during its third tax quarter, driven by an increase in sales in network services, hardware and third -party software.
The company sold 9.5 million units of its PlayStation 5 console during the December quarter, against 8.2 million during the same period a year ago. This brings total lifetime sales of the PS5 to 74.9 million units, based on the results of Sony for the last quarter and in previous years.
Speaking during his briefing on the results Thursday, the president and chief executive officer of Sony, Hiroki Totoki, noted that the number of active monthly users on PS platforms in December increased by 5% on a year to reach 129 million accounts “,”The greatest number of PS history. “”
“Total playing time has also increased by 2% in annual shift, marking the seventh consecutive quarter of annual sliding,” he added.
Sharing in Sony Group
Damian Thong, Chief Research on Japanese Actions and Senior Research Analyst, Technological Sector, at Macquarie Capital, said that the company had “rather cheap in recent months [with] Some of its peer groups have strong races, “name Nintendo For example.
He thinks that the Sony stock has “a few ways” to progress.
In the future, Thong is particularly optimistic about the prospects of the Sony Games Division.
“They have a good list on the first side and important launches on the side of third parties, and with cost reductions that they carried out last year, I am quite convinced that they will see a strong growth of the games during the Next exercise “” He declared Friday at Street Signs Asia from CNBC.
– Ryan Browne of CNBC contributed to this report.
