After hours: 6:00PM EDT
|Bid||52.00 x 800|
|Ask||52.45 x 900|
|Day's Range||52.01 - 52.88|
|52 Week Range||41.91 - 61.02|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||10.97|
|Forward Dividend & Yield||0.26 (0.52%)|
|1y Target Est||63.55|
Sony's WH-1000XM3 headphones are the gold standard for wireless, noise-canceling headphones. Not only are they comfortable, but they sound amazing. And while their biggest downside is the $350 price tag, Sony has a solution for that too. The company's new WH-XB900N Extra Bass headphones offer noise-canceling for $100 less than the flagship model.
Perhaps no one was more shocked than employees of Sony’s PlayStation division, who have spent almost two decades fighting the U.S. software giant in the $38 billion video game console market. Last week, the companies announced a strategic partnership to co-develop game streaming technology and host some of PlayStation’s online services on the Redmond-based company’s Azure cloud platform. It comes after PlayStation spent seven years developing its own cloud gaming offering, with limited success.
Microsoft (MSFT) and Sony collaborates on cloud gaming and AI chips. Both the companies are expected to symbiotically evolve and make a mark in the rapidly growing cloud gaming market.
Microsoft Corp and Sony Corp on Thursday said they struck a strategic partnership in which Sony would use Microsoft's cloud for streaming games and media and the two would work together to develop image sensors. "For many years, Microsoft has been a key business partner for us, though of course the two companies have also been competing in some areas," Sony Chief Executive Kenichiro Yoshida said in a statement.
Sony shares jumped on Friday after the company announced a $1.8bn share buyback and a video game streaming and AI partnership with Microsoft. The Japanese electronics and entertainment group said on Thursday ...
Microsoft and Sony have put almost two decades of rivalry aside and joined forces against Google, Amazon and Apple, as the world’s biggest technology companies prepare to go to war over the future of the $135bn-a-year video games market.
The Tokyo-based company soared as much as 8.8% on Friday after announcing it will purchase as much as 4.8% of its outstanding shares, spending up to 200 billion yen ($1.8 billion). Yoshida’s move underscores a commitment to supporting the stock price as Sony became the latest Japanese company to announce a buyback of at least $1 billion. Escalating tensions between the U.S. and China now also cloud the global economic outlook.
Sony shares were up 4.12% on Thursday and Microsoft's were up 2.31%. Under the agreement, "the two companies will explore joint development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services," Microsoft wrote in a blog post. It may also include some cross-pollination of their respective technologies, such as leveraging Microsoft's Azure cloud platform to enhance Sony's game streaming services, as well as a joint effort to build better development platforms for content creators.
While the companies have worked together in some parts of their businesses, Sony’s PlayStation and Microsoft’s Xbox compete fiercely, particularly for the attention of hard-core gamers. At the same time, as both companies face rivals such as Alphabet Inc.’s Google, Apple Inc. and Amazon.com Inc., Sony will want cloud horsepower to run its services.
Sony Corporation (NYSE: SNE ) and Microsoft Corp. (NASDAQ: MSFT ) announced Thursday afternoon they will partner up on consumer entertainment platforms and artificial intelligence products. What To Know ...
Microsoft Corp. and Sony Corp. announced on Thursday that they have struck a partnership focused on improving the "customer experience" in artificial intelligence and direct-to-consumer entertainment. The companies have long been adversaries as they make the top two videogame consoles, Microsoft's Xbox and Sony's Playstation. "The two companies will explore joint development of future cloud solutions in Microsoft Azure to support their respective game and content-streaming services," the companies said in a release. Sony and Microsoft will also collaborate on semiconductors and artificial intelligence, they said, using Sony's image sensor and Microsoft's Azure cloud platform to boost the offerings they provide enterprise customers. Microsoft shares are up 2.3% in midday trading, while Sony shares are up 3.8%.
TOKYO (Reuters) - Sony Corp said on Thursday it would buy back shares worth up to 200 billion yen (1.4 billion pounds), or 4.8% of stock, through March 31, 2020, in an effort to boost shareholder returns. ...
Entertainment giant Sony usually likes to make a lot of noise about what it does. The allegations come from insiders working at different branches of Sony UK’s empire who claim “you have to navigate a boys’ club culture”. One (male) senior manager at one of Sony’s biggest offices in the UK told the Standard about a “discriminatory” hiring policy where departmental budgets are cut to pay for maternity leave.
You might say that Japanese technology giant Sony (NYSE:SNE) stock is a bit of a slow grower. Most major consumer-tech firms, including Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), performed strongly out of the gate in 2019. Sony stock? It spent the first three months of this year testing investors' patience.Source: Game GavelHowever, those troubles and miscues seem to have resolved themselves. On April 1, SNE stock was staring at near-double digit losses. But since that day, shares have absolutely soared, gaining almost 22%. Even after the overall market's stumble this week, SNE stock is still in the black for the year to the tune of about 2%.Of course, this is nothing compared to its top-dog rivals. Apple has gained 30% year-to-date. Microsoft is no slouch either, up 25%. But Sony stock levers something these other two companies don't: the almighty PlayStation video-game console.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLate last week, the on-again, off-again tech firm released the first details about its next-generation console. If management keeps to its naming convention, it will be called the PlayStation 5, or PS5. However, SNE has done some strange things in the past, so the name is no guarantee. * The 10 Best Stocks to Buy for May But what is almost guaranteed is that the PS5 will be a game-changer for Sony stock. Over the years, management has made significant investments into their entertainment umbrella. The PS5 represents the culmination of these (expensive) efforts.Specifically, here are three reasons why you can bank on SNE stock and the upcoming PS5, or whatever it will be called: Sony's New Gaming System Is Loaded with TechEvery PlayStation console represented a leap forward in gaming visuals. Back when the PS3 came out, people marveled at the life-like graphics. When Sony launched the successor PS4, the line between virtual reality and actual reality became all the more blurred.Sometimes, when I quickly glance at a PS4 screenshot, I can't tell whether I'm looking at a video game or a real-life broadcast. The PS5 promises to push the bar even higher. SNE confirmed that this latest gaming hardware will utilize chips from Advanced Micro Devices (NASDAQ:AMD). Specifically, we're talking about a CPU based on third-gen Ryzen, and eight cores of the Zen 2 seven-nanometer microchip.Given the massive sales success of the PS4, I think we'll see dramatic metrics for the successor. Therefore, don't be surprised to see Sony stock jump around the release date.Furthermore, one of the biggest differences for the next-gen PlayStation is that it will incorporate a solid-state drive. Currently, Sony's consoles integrate traditional hard drives, which have improved dramatically over the years. However, they're incredibly slow in this age of ultra-fast response rates.Although I love my PS4, I don't care for the several seconds I must wait for my game to transition from one major section to another. A solid-state drive, which features no moving parts, gets to the data much quicker than a regular hard drive.Of course, a solid-state drive costs significantly more than its counterpart. Management wants to keep the PS5 reasonably priced, so we'll see how that goes. However, I don't think consumers will mind paying more for a quicker platform. Content Umbrella Favors Sony StockYou don't have to be an entertainment-media expert to recognize the growing trend in consolidation. Earlier, market pundits debated the wisdom of AT&T (NYSE:T) expensively acquiring Time Warner. Next, analysts shined the spotlight on Disney (NYSE:DIS) and its bid for Fox's (NASDAQ:FOXA) entertainment assets.Conservative investors didn't like that these big but vulnerable corporations were buying out others like them. Instead, they should have focused on shoring up their financials and building steady value for their shareholders.I appreciate this perspective. That said, I also appreciate that the nature of entertainment has changed, particularly with streaming companies like Netflix (NASDAQ:NFLX). Today, it's more important than ever to deliver content that attracts both eyeballs and revenue-conversion opportunities. If you have good content, you can win despite the platform.Sony understands this entertainment trend better than most, which is why I trust SNE stock. They invested heavily into their own exclusive content umbrella. Observing these expenditures from the outside may lead you to believe that SNE is wasting money. Instead, what they're really doing is securing viable, lucrative synergies.One of the best ways they can leverage their entertainment portfolio is through PlayStation-exclusive titles. Here's the thing: other rivals also have exclusives. What makes Sony, and by logical deduction SNE stock distinct, though, is demand: people actually want to play Sony-only games. They're more than willing to fork over money for a new console to do so.Just look at the roaring success for Marvel's Spider-Man. Such massive inflows are only possible through leveraging popular branded content. While the initial investments were expensive, the potential for the PS5 to bring it all together is truly colossal.In other words, keep a very close eye on Sony stock. No Comparable Competition for SNE StockI'm a PlayStation guy for life. I don't think I can ever get used to the Xbox's strangely-shaped controls. They look like PS controls that were left in the microwave for some unknown reason.Of course, I'm incredibly biased as well. InvestorPlace readers may know me as that guy who worked for Sony. Naturally, I own Sony stock, so I have a vested interest in their continued upward trajectory.But even acknowledging that I'm not 100% objective, I don't think the company has comparable rivals in the gaming sector. I may tick off the Xbox folks, but the data confirms it. The PS4 is approaching the 100 million units sold mark. Although Microsoft doesn't break down Xbox figures, they're more or less approaching the 50 million threshold.But what about video-game streaming? Although streaming certainly has an impact on the broader gaming industry, I think this is an apples-to-oranges comparison. At least, that's the view when discussing SNE stock and the next-gen PlayStation.Streaming is designed to capture the very casual gamer. But for those that want the absolute best in visuals and experience, no substitute for a dedicated console exists. Briefly, we went over the tech that SNE will integrate into the PS5. To stream all that data would be a gargantuan undertaking.Plus, game-streaming competitors like Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) don't have content credibility. They're new to the game, and they can't whip out highly-desirable exclusives. Until they can climb these sharply vertical obstacles, your best bet in gaming is Sony stock.As of this writing, Josh Enomoto is long SNE stock and T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 7 Stocks Worth Buying When They're Down * 7 of the Best ETFs to Buy for a Slowing Economy Compare Brokers The post 3 Reasons the Next-Gen PlayStation Will Supercharge Sony Stock appeared first on InvestorPlace.
For the quarter ending March 31, 2019, the Matthews Japan Fund (Trades, Portfolio) returned 12.68% (Investor Class), outperforming its benchmark, the MSCI Japan Index, which returned 6.85%. Warning! GuruFocus has detected 8 Warning Signs with TSE:9984. Japanese equities posted solid gains in the quarter, up from one of their lowest levels of valuations since the start of the Abenomics era in late 2012.
Japan's Nikkei slid on Tuesday as investors returned from a 10-day holiday to worries that U.S.-China trade negotiations may be at risk of breaking down. Late on Sunday, U.S. President Donald Trump stunned financial markets by announcing he would hike tariffs on Chinese goods on Friday, triggering a global sell-off in stocks and other riskier assets which had been largely pricing in a trade deal. "Anything could have happened during the long holiday but the market had not priced in a potential breakdown of the U.S.-China trade talks," said Makoto Kikuchi, chief executive of Myojo Asset Management.