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Sony Stock Jumps as Game Revenue Declines

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On Monday February 3, Sony Corporation (NYSE: SNE) announced total revenue results that were flat, but down significantly in the video game division.  Ironically Sony stock rose on the news.  This was in sharp contrast to Nintendo that a few days before had seen its stock drop after reporting a significant revenue increase. The recent third fiscal quarter for Sony ended on December 31, 2019.  Overall revenue in the quarter was up 3% over Q3 2018.  However, net income was dow…..
On Monday February 3, Sony Corporation (NYSE: SNE) announced total revenue results that were flat, but down significantly in the video game division.  Ironically Sony stock rose on the news.  This was in sharp contrast to Nintendo that a few days before had seen its stock drop after reporting a significant revenue increase. The recent third fiscal quarter for Sony ended on December 31, 2019.  Overall revenue in the quarter was up 3% over Q3 2018.  However, net incom…..
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Sony Gets Aggressive With PlayStation Now Game Streaming Service

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In advance of the launch of competing services, Sony has announced a major price reduction for its PlayStation Now game streaming service.  In addition to cutting monthly subscription prices in half, Sony has added major new AAA content including Grand Theft Auto V. The new monthly pricing is: US: $9.99 – monthly / $24.99 – quarterly / $59.99 – yearly (from 19.99/ 44.99/ 99.99) CAN: $12.99 – monthly / $34.99 – …..
In advance of the launch of competing services, Sony has announced a major price reduction for its PlayStation Now game streaming service.  In addition to cutting monthly subscription prices in half, Sony has added major new AAA content including Grand Theft Auto V. The new monthly pricing is: US: $9.99 – monthly / $24.99 – quarterly / $59.99 – yearly (from 19.99/ 44.99/ 99.99) CAN: $12.99 – monthly / $34.99 – …..
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Will it be Sony and Microsoft versus Google and Amazon?

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Last week many industry observers were surprised when Sony and Microsoft announced a deal to work together on cloud games/AI and other technology.  This deal was done at the highest level of both companies.  The big question of many observers is whether Sony and Microsoft are teaming up to fight a perceived challenge from newcomers like Google and Amazon? The deal basically has Sony using some of Microsoft’s Azure cloud platform technology to develop game and content streaming serv…..
Last week many industry observers were surprised when Sony and Microsoft announced a deal to work together on cloud games/AI and other technology.  This deal was done at the highest level of both companies.  The big question of many observers is whether Sony and Microsoft are teaming up to fight a perceived challenge from newcomers like Google and Amazon? The deal basically has Sony using some of Microsoft’s Azure cloud platform technology to develop game and content streaming serv…..
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