Sony Jumps To Highest In A Decade
Sony stock jumped to its highest in more than a decade after the Japanese giant raised its outlook for the current year, reflecting higher sales of its PlayStation 4. Â Sony shares rose as much as 5.4 percent in Tokyo trading.
“Sony secured a big beat on all fronts,” Atul Goyal, an analyst at Jefferies Group, wrote in a report.
“The games segment had a spectacular quarter with God of War success. We don’t think it can beat this quarter anytime soon. But, with more first party games, we expect this will remain a big driver,” Goyal said.
Net income is predicted at 500 billion yen (A$6.08 billion) on sales of 8.6 trillion yen through next March.
The prior forecast called for 480 billion yen and 8.3 trillion yen. Sony cited higher-than-anticipated game sales for the increased revenue.




















































































