Sony shares hit record highs

Sony Group The stock hit an all-time high earlier this week at 3,338 yen ($22). The historic close broke Sony's 24-year record and was apparently driven by optimism about the company's PlayStation division. That's headed for a very profitable year.

PlayStation is Sony's highest-grossing division, accounting for about a third of the company's revenue. The rest is divided between Sony's other businesses, such as film and television, anime, music, consumer electronics, etc. Earlier this year, Sony announced that the current PS5 console was its most profitable ever. This matches the cumulative revenue of the PS4 in less than four years. Additionally, with the release of blockbuster games in the second half of the PS5's life cycle, including many from major PlayStation studios, Sony shareholders are therefore very optimistic about the company's huge projected earnings.

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This optimism was reflected in the Sony Group's share price earlier this week on Tuesday, which It closed at an all-time high of 3,338 yen ($22). Thanks to the evaluation from the Australian financial company Macquarie. The assessment forecasts increased operating profits for Sony's upcoming fiscal year, which starts in April 2025. The key reasoning behind Macquarie's revisions is: Higher expected revenue from games developed by PlayStation's first-party studios In the coming year, Sony confirmed during its latest earnings call that it expects to launch a major single-player PlayStation game every year going forward.

Sony expects huge profits Thanks to upcoming PlayStation games

Ambitions and budgets for AAA games have increased rapidly in recent years. This results in longer development times. PlayStation had a strong first-party presence in the first two years of the PS5 generation with games like this. Ragnarok God of War– Gran Turismo 7– Returning– Forbidden HorizonWest– Ratchet and Clank: Rift Apartetc. etc. Since 2023, Sony has only had one outstanding single-player game. Spiderman 2 and Astrobot– Both were successful. But demand for major new PlayStation games is on the rise. Especially from famous studios like Naughty Dog, Santa Monica Studio, Guerrilla Games and many more.

These PlayStation studios have several projects currently in development. Many projects take a long time to develop. Therefore, it is very likely that it will be ready to launch in the coming years with Sucker Punch. Ghost of Yothe Confirmed for 2025, it remains to be seen if Sony will have any other PlayStation first-party games planned for next year. In addition to first-party games, Sony also earns huge profits from a number of third-party games, such as GTA 6It is slated for release in the fall of 2025 and is expected to be a major PS5 system vendor.

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PlayStation 5

Sony's PlayStation 5 is part of the ninth generation of consoles and launched with a launch lineup that also included Demon's Souls and Astro's Playroom. The console comes with a Blu-ray disc, although digital-only versions are cheaper.