Sony Group¡¯s long-awaited rise to record highs has emboldened bullish investors and analysts, who see gains extending into 2025 on a robust outlook for video games.
Shares of the PlayStation maker surged over 50% from an August trough to reach an all-time high last week, more than doubling the gain in the Topix. It was the first new peak for the stock since 2000.
Growth in the company¡¯s gaming business, which now generates over a third of total revenue, is seen boosting shares further next year. Anticipation is high for the upcoming launches of in-house games like Ghost of Yotei and Rockstar Games¡¯ Grand Theft Auto VI.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.