Sony Stock Price Up Big As Firm Reports Strong Profits Amid Sensor and Game Sales
Sony’s (NYSE: SONY) financial performance for the July-September quarter signalled a remarkable upswing, with profits soaring 69% year-on-year, reaching 338.5 billion yen ($2.2 billion). Revenue also showed resilience with a modest 3% increase, clocking in at 2.9 trillion yen ($19 billion). This impressive financial feat was primarily the result of robust sales in the company’s various segments, including image sensors, games, music, and network services.
Sony’s stock price is up by an impressive 7.17% in the pre-market session, and now the bulls will be eyeing the 52 week high.
Despite these gains, the quarter was not without its challenges for the gaming giant. Sales figures of its flagship PlayStation 5 consoles experienced a dip,…
