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Sony Could See $680 Million Tariff Impact, Considers Moving PlayStation 5 Production To US
Wednesday, May 14, 2025 - 12:54pm | 528Read More...Technology giant and video game company Sony Group Corp (NYSE:SONY) is among the companies that could be hit hard by tariffs on countries such as China and Japan. The company has several ideas on how to offset tariffs from President Donald Trump. What Happened: Sony reported fourth-quarter...
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Sony Q2 Earnings Preview: What To Expect From PS5 Sales, Beyoncé Album Sales
Thursday, November 7, 2024 - 1:07pm | 919Read More...Sony Group Corp (NYSE:SONY) is set to release its second-quarter earnings Friday morning. The report comes after a modest first quarter that was marked by a 2% year-over-year growth in sales to $19.3 billion (3.01 trillion yen). The company surpassed Wall Street's expectations of $17.19 billion....
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Sony To List Financial Unit After PS5 Sales Disappointment
Wednesday, February 14, 2024 - 5:06am | 670Read More...Sony Group Corp (NYSE:SONY) has revealed plans to take its financial arm public in October 2025. This decision follows a significant reduction in the sales forecast for its core gaming division, which was attributed to underwhelming PlayStation 5 (PS5) sales. What Happened: Sony is set to list its...
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Sony's PlayStation 5 Crosses 50M Sales Milestone Despite Supply Chain Challenges
Thursday, December 21, 2023 - 5:29am | 533Read More...Japanese tech giant Sony (NYSE:SONY) has registered a significant achievement with its PlayStation 5 console, surpassing the 50 million sales mark since its inception in 2020. What Happened: As reported by SamMobile on Thursday, Sony’s PlayStation 5, which hit the market in 2020, has sold...
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New PlayStation 5 Controller Aims To Drastically Improve Gaming Experience For Players With Disabilities
Thursday, January 5, 2023 - 9:40am | 416Read More...Sony Group Corp. (NYSE: SONY) has made clear the company's direction to make gaming more accessible by releasing Project Leonardo for PlayStation 5. What Happened: At the Consumer Electronics Show, or CES, Sony announced that it's working on developing a PS5 controller through a new project...
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Could A Video Game Console Inside An Electric Vehicle Be A Competitive Advantage? These 2 Companies Think So
Wednesday, November 23, 2022 - 11:54am | 803Read More...The market for electric vehicles has seen new players enter the space and traditional automotive companies bet heavily on a shift to clean energy, all in a move to take market share from leader Tesla Inc (NASDAQ: TSLA). Two major companies are teaming up in a move they believe will give them a...
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Disney+ Relaunches On PS5 Consoles With 4K HDR Support — But Are Streaming Sticks Still Better?
Thursday, October 6, 2022 - 10:15am | 437Read More...Walt Disney Co's (NYSE: DIS) Disney+ streaming platform has announced that users can download the app natively on PlayStation 5 consoles. What Happened: Disney+ relaunched for Sony Group Corp.’s (NYSE: SONY) PlayStation 5 consoles on Oct. 4, allowing users to...
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Blink And Miss: PlayStation 5 Restocking Doesn't Last Long
Wednesday, May 25, 2022 - 3:44am | 248Read More...Sony Group Corporation (NYSE: SONY) provided ardent gaming fans with an enticing offer and it appears that consumers were quick to lap it up. The Japanese consumer electronics giant recently provided an option for customers to register for purchasing PS5 consoles directly from PlayStation...
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Can't Get A Playstation 5? Sony Wants You To Buy A PS4 Instead
Wednesday, January 12, 2022 - 11:18am | 356Read More...Supply chain issues have hurt the availability and sales numbers of the Playstation 5, the newest console from Sony Group Corp (NYSE: SONY), but the company may have a temporary solution for gamers. What Happened: Sony has been struggling with supply constraints of its Playstation 5, which was...
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So Much For A Joke! Microsoft's Xbox Mini-Fridge Gets Sold-Out In 15 Minutes After Going On Sale For Pre-Orders
Tuesday, October 19, 2021 - 10:28pm | 670Read More...An Xbox Series X fridge for sale, which is a replica of Microsoft Inc’s (NASDAQ: MSFT) console, reportedly sold out 15 minutes after it went on sale for pre-orders on Tuesday. What Happened: The fridge, which owes its origin to a viral meme, was decked up with LEDs with surface features made...
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Nintendo Switch Sale Weakness Affects Its Q1 Topline; Reiterates Weak FY22 Outlook
Thursday, August 5, 2021 - 8:14am | 438Read More...Nintendo Co Ltd (OTC: NTDOY) reported a first-quarter FY22 net sales decline of 9.9% year-on-year to ¥322.6 billion. Dedicated video game platform sales declined 10.3% Y/Y to ¥308.9 billion. Mobile, IP-related income sales reduced 0.6% Y/Y to ¥13.1 billion. Playing...
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Sony Ramps Up PS5 Production, Aims To Break 24-Year-Old Record
Friday, May 28, 2021 - 1:23pm | 391Read More...Sony Group Corporation (NYSE: SONY) launched its next-generation PlayStation 5 gaming console in November. Sales of the gaming hardware are going through the roof, as seen in the strong sales numbers revealed by the company in its earnings report for fiscal year 2020. What Happened: Sony is now...
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Sony Expects PlayStation 5 Supply Crisis To Loom Till 2022: Bloomberg
Monday, May 10, 2021 - 2:14pm | 372Read More...Sony Group Corp (NYSE: SONY) warned an analyst group regarding PlayStation 5 supply crisis till 2022 partly due to the semiconductor chip crisis, insinuating sales target constraints for its latest games console, Bloomberg reports. Sony had sold 7.8 million console units through...
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Sony Targets $1.8B Share Repurchase To Make Up For The Profit Miss: Bloomberg
Wednesday, April 28, 2021 - 11:32am | 547Read More...Sony Group Corp (NYSE: SONY) will repurchase up to $1.8 billion (200 billion yen) shares after posting quarterly profit below expectations, Bloomberg reports. Earnings: The March quarter operating profit of 66.5 billion yen missed the analyst estimate of 74 billion yen. Sony...
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PS5 A Major Catalyst For This Small Cap Video Game Stock; Could Xbox Be Next?
Friday, January 8, 2021 - 8:45am | 679Read More...Small cap Immersion Corporation (NASDAQ: IMMR) is rising as its haptic technology could be added to a second major gaming console after its success with another. What Happened: Immersion has a royalty deal with Sony Corporation (NYSE: SNE). The deal allows the company to...
















