Sony shares haven’t been this high since the week the PS2 came out
The last time Sony shareholders saw an all-time high, “The Sims” was just a one-month-old gaming franchise, “Amazed” by Lonestar was #1 on the Billboard Hot 100, and the PlayStation 2 had just hit the shelves in Japan.
Shares of the Japanese entertainment titan reached the fresh milestone this week thanks largely to optimism around its gaming biz, with PlayStation accounting for more than a third of Sony’s revenue.
It’s been a rough year for Sony, but last month the company reported a 73% jump in profit year over year. More recently, it is said to be weighing a portable version of the PlayStation 5 while also mulling an acquisition of the anime juggernaut that owns the studio behind “Elden Ring.” Next year, “Grand Theft Auto 6” is set to drop, which is expected to further boost console sales.
It’s been a rough year for Sony, but last month the company reported a 73% jump in profit year over year. More recently, it is said to be weighing a portable version of the PlayStation 5 while also mulling an acquisition of the anime juggernaut that owns the studio behind “Elden Ring.” Next year, “Grand Theft Auto 6” is set to drop, which is expected to further boost console sales.
