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Sony Goes Aggressive On Gaming Pursuit - Read How

  • Sony Group Corp's (NYSE:SONY) PlayStation division looks to acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said, Bloomberg, reports.
  • Sony is yet to expand PlayStation Studios inorganically and will look to keep forging deals, Jim Ryan said.
  • Sony spent nearly half its PlayStation 5 investment budget developing and growing live services and looks to increase that ratio to 55% by FY25.
  • Sony projects PC net sales of $300 million in the current fiscal year, up almost four-fold from $80 million a year ago.
  • By 2025, Sony looks to have nearly half of its new first-party game releases on PC or mobile platforms.
  • Sony has been bolstering its portfolio with the Bungie Inc deal and deals with several other game developers. 
  • Sony looks to integrate Bungie's expertise as a live services operator into its broader ecosystem.
  • Sony expects the PlayStation 5 to overcome supply constraints next year and overtake the sales pace of the PlayStation 4 again.
  • Price Action: SONY shares closed lower by 0.83% at $88.29 on Wednesday.
  • Photo via Wikimedia Commons