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Home Gaming

Sony, shares fall after the announcement of the results of the last fiscal quarter

by admin_l6ma5gus
February 15, 2024
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The actions Of Sony they suffered an inevitable decline yesterday, after the announcement of the results for the last fiscal quarter, which as we know were lower than the company's expectations.

The news of PlayStation's very high revenues, but with very low margins, aroused concern among shareholders and the stock lost value, as can be seen in the chart below, initially dropping by seven points and then closing the day recording a -4.29%.

The performance of Sony shares in recent days

PlayStation changes strategy?

The president of Sony Interactive Entertainment, Hiroki Totokirecognized the difficult moment and during the meeting with investors he declared that in his opinion PlayStation must push on the multiplatform approach.

The new strategy of the Japanese company will probably result in thearrival of first party games on PC already on day oneso as to capitalize on the excitement around the launch and maximize profits.

The interesting thing about Totoki's words is that in theory he hasn't ruled out landing on further platforms and who knows, maybe tonight, during the event on the future of Xbox, we'll find out something about it.


#Sony #shares #fall #announcement #results #fiscal #quarter

admin_l6ma5gus

admin_l6ma5gus

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