Sony Goes Aggressive On Gaming Pursuit - Read How

Anusuya Lahiri

Thu, May 26, 2022, 7:42 AM1 min read

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Sony Group Corp's (NYSE: SONY) PlayStation division looks to acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said, Bloomberg, reports.
Sony is yet to expand PlayStation Studios inorganically and will look to keep forging deals, Jim Ryan said.
Sony spent nearly half its PlayStation 5 investment budget developing and growing live services and looks to increase that ratio to 55% by FY25.
Sony projects PC net sales of $300 million in the current fiscal year, up almost four-fold from $80 million a year ago.
By 2025, Sony looks to have nearly half of its new first-party game releases on PC or mobile platforms.
Sony has been bolstering its portfolio with the Bungie Inc deal and deals with several other game developers.
Sony looks to integrate Bungie's expertise as a live services operator into its broader ecosystem.
Sony expects the PlayStation 5 to overcome supply constraints next year and overtake the sales pace of the PlayStation 4 again.
Price Action: SONY shares closed lower by 0.83% at $88.29 on Wednesday.
Photo via Wikimedia Commons

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Sony Goes Aggressive On Gaming Pursuit - Read How

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