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PlayStation 5 Sales Set Record

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The Games and Network Services division of Sony Group (NYSE: SONY) reported a 61% year-to-year revenue increase for the fourth quarter ending 3/31/23.  Game hardware revenue was up 180% as Sony sold 6.3 million PlayStation 5 systems.  Network services revenue was up 14%, while software was up 11%. Analysis This was the news everyone was waiting for.  After Microsoft reported dismal Xbox results e…..
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Sony Firewalk

Sony Acquires Video Game Studio

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Sony Interactive Entertainment (SIE) announced it has agreed to acquire Firewalk Studios from ProbablyMonsters Inc.  Previously SIE and Firewalk had announced an exclusive publishing partnership for an upcoming game.  Analysis ProbablyMonsters was founded in Bellevue, WA in 2016, with Firewalk Studios launching in 2018.&…..
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