The electronics giant is focusing on entertainment sales, but there's a catch to owning shares. Stock splits have suddenly become the rage this year. Electronics giant Sony Group (SONY -0.16%) has thrown its hat into this ring, joining companies such as Nvidia and Chipotle. Sony announced a 5-for-1 forward-stock split to take effect Oct. 1. While this action lowers the price of individual shares, making them accessible to more investors, it doesn't necessarily mean Sony stock is a buy. Also, determining whe ...

Sony (SONY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this electronics and media company have returned +5.4%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Audio Video Production industry, which Sony falls in, has gained 10.8%. The key question now is: What could be the stock's future direction? Although media ...

Sony Group Corporation (SONY) unveiled a new advanced console hardware, PlayStation 5 Pro (PS5 Pro) for $699.99. The console will be available from Nov. 7 at direct.playstation.com and participating retailers with preorders commencing on Sept. 26. The new console is available as a disc-less console and will come equipped with a 2TB SSD and a DualSense wireless controller. Gamers have the option to purchase the disc drive for PS5 separately. PS5 Pro is compatible with the currently available PS5 accessories ...

Sony on Tuesday announced the PlayStation 5 Pro, an upgraded version of its gaming console that will launch on Nov. 7 for $700. The arrival of Sony's refreshed PS5 console comes amid a global decline in console sales. In August, Sony reported that it sold 2.4 million units of its PlayStation 5 console in the fiscal first quarter, down from 3.3 million in the same period a year ago. The PS5 Pro will have an upgraded graphics card with 67% more compute units than the current standard PS5 model, Sony said, all ...

Core Points - Sony has announced a 5-for-1 stock split effective October 1, aimed at making shares more accessible to a broader range of investors [1] - The company plans a partial spinoff of its financial services division, Sony Financial Group, Inc. (SFGI), scheduled for October 2025 [2][3] - The spinoff is intended to allow Sony to focus on its core electronics and entertainment businesses [3][4] Spinoff Details - Sony will retain approximately 20% ownership of SFGI post-spinoff, with shareholders receiving shares in the new company in exchange for a portion of their Sony stock [5] - SFGI has a diverse portfolio, including life insurance, automotive insurance, banking, elderly healthcare services, and venture capital [6] - In fiscal year 2023, SFGI generated revenue of 1.8 trillion yen ($11.7 billion), a significant increase from 889.1 billion yen ($5.9 billion) in the previous year [7] Financial Performance - SFGI's revenue is projected to decline to 910 billion yen in fiscal 2024, with a 34% year-over-year drop in Q1 2024 revenue due to market fluctuations [8] - The company is working to reduce investment volatility by purchasing long-term government bonds and focusing on stable investments [9] - SFGI plans to allocate 40% to 50% of its adjusted net income to dividends, aiming to increase payments over time [10] Investment Considerations - Wall Street analysts currently have a "buy" rating for Sony stock, with a median price target of $112.40 [11] - Potential investors should consider their interest in owning shares of SFGI alongside Sony stock [12] - With Sony stock near its 52-week high of $100.88, there may be no immediate urgency to purchase shares [13]

Sony Corporation's (SONY) subsidiary, Sony Electronics Inc., has introduced the MDR-M1 Reference Closed Monitor Headphones, tailored for music creators and sound engineers to ensure their music is heard as intended in any environmental setting. Priced at $249.99/C$ 349.99, the headphones are available for pre-order at Sony.com and from authorized dealers such as Amazon, B&H, Sweetwater and Guitar Center. The MDR-M1 delivers studio-quality sound with a finely tuned acoustic design for high-resolution audio. ...

Sony Group Corporation (NYSE:SONY) Bank of America's 2024 Media, Communications and Entertainment Conference September 5, 2024 11:20 AM ET Company Participants Tony Vinciquerra - Chairman and CEO Unidentified Company Representative Again, we have Tony Vinciquerra, Chairman and CEO, and of Sony Pictures Entertainment. And Tony, you're like -- I don't know, like the industry guru at this point. I would say... Tony Vinciquerra Doesn't take a lot. By the way, it's nice to have Saratoga, my hometown Saratoga. Qu ...

Despite recent struggles, Ethereum's future looks promising as the convergence of business and blockchains progresses. It's no secret that Ethereum (ETH -4.36%) has been in a rough patch lately. It simply can't catch a break. In the last month, it has plummeted by more than 25%, and it's only up a modest 4% year to date. The situation has been so dire that Ethereum Co-founder Vitalik Buterin even posted an artificial intelligence (AI)-generated image of a bull with a sign around its neck that read, "Ethereu ...

Sony Corporation (SONY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SONY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross." A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages be ...

Sony Group Corporation (SONY) recently announced a 19% price increase for its PlayStation 5 (PS5) console in Japan, highlighting a challenging external environment (including fluctuations in the global economy) as the primary reason. Beginning Sept 2., 2024, the PS5 will cost ¥79,980 for the standard edition and ¥72,980 for the digital edition. PS5 was initially launched in November 2020. The price hike comes when the PS5 is expected to be succeeded by a revamped version shortly. The company also hiked pric ...