Sony Group (SONY) tops FQ3 estimates, cuts PlayStation 5 sales outlook; shares rise
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Macquarie cuts Sony (SONY) as headwinds are 'biting'
February 15, 2024 2:02 PM ESTMacquarie Equity Research analyst Damian Thong downgraded shares of (NYSE: SONY) to Neutral from Outperform in a note Thursday, noting that the stock is close to their JPY 15,000 price target.
Furthermore, the analyst said headwinds are "biting" for the company, while its market... More
Macquarie Downgrades Sony Corp. (6785:JP) (SONY) to Neutral
February 15, 2024 4:56 AM ESTMacquarie analyst Damian Thong downgraded Sony Corp. (6785:JP) (NYSE: SONY) from Outperform to Neutral with a price target of JPY15,000.00.
The analyst comments "With Sony near our target price and market expectations at risk given lacklustre FY3/25 guidance, we are downgrading to Neutral. We... More
Sony slashes PS5 sales target, plans 2025 IPO for financial unit
February 14, 2024 1:24 AM ESTBy Sam Nussey
TOKYO (Reuters) - Japan's Sony slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on entertainment and image sensors.
Sony cut its PS5 sales forecast for the year ending March to 21 million units, from 25 million units previously, after weaker-than-expected sales over the year-end shopping season.
The company said it expects a gradual decline in unit sales from the next financial year and that it does not plan to release any major franchise titles in the coming fiscal year.
... More