|Bid||49.01 x 800|
|Ask||49.02 x 800|
|Day's Range||48.67 - 49.18|
|52 Week Range||41.91 - 61.02|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||10.30|
|Forward Dividend & Yield||0.26 (0.52%)|
|1y Target Est||63.55|
Snap Inc. shares rose 2.7% in premarket trade Friday, after a report that the Snapchat parent is in talks with record labels on expanding the ways its users can include music in posts. The Wall Street Journal, citing people familiar with the matter, said the move comes amid competitive pressure from Facebook Inc.'s Instagram and TikTok. Snap already has case-by-case licenses to use individual artist's music, but is now seeking to access the catalogs of the big music labels, including Vivendi SA's Universal Music Group, Sony Corp.'s Sony Music Entertainment and Access Industrie's Warner Music Group, the paper reproted. Snap shares have gained 4.9% in the last 12 months, while the S&P 500 has gained 3.5%.
Sony might have grander virtual reality ambitions for the PlayStation 5 beyonda headset and traditional controllers to let you play games Ready Player One-style in a body suit
Facebook's latest virtual reality (VR) device, called Oculus Quest, gets good reviews. Apps download straight to the device and WiFi connects users for multiplayer games. Comic book superheroes are notably scarce in VR content, which seems odd because comic book fans are super-passionate about their make-believe worlds.
When I worked at Sony (NYSE:SNE), a colleague who came over from Nokia (NYSE:NOK) shared a running joke at his former employer: Sony who? I declined to ask the obvious question, but it appears that karma never forgets or forgives. Just look at the chart for NOK stock to understand what I'm talking about.Source: Shutterstock After falling to dramatic lows in 2016, the telecom-equipment maker provided a compelling opportunity to extreme contrarians. Generally speaking, they made the right move. But now, the Nokia stock price has given up more than 13% since January's opening price. Moreover, analysts are questioning whether the company can truly complete its promised turnaround.Of course, that turnaround comes in the form of the global 5G-network rollout. Although Nokia's smartphone brand -- now "relegated" to a licensing business -- is pretty much irrelevant, management transitioned to network services. The idea here is that as a well-recognized international firm, Nokia has an advantage against competitors, thereby boosting NOK stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Chinese Stocks That Could Pop On a Trade Deal Unfortunately, that narrative lost credibility simply because NOK failed to deliver substantive results. That may have changed, though, with recent news that Ooredoo Qatar inked a deal with the Finish telecom to built out its 5G network. Considering that the Nokia stock price is again rock-bottom levels, this may represent another profitable contrarian opportunity.I'm going to be blunt: I don't like NOK stock as a long-term play. But if you're angling for a quick buck (and you understand the risks), this is a reasonable trade. Technically, the embattled telecom firm's shares have historically bounced back from spike lows. Moreover, you have fundamental justification in the Ooredoo deal.But don't overexpose yourself to Nokia stock, and here's why: Turnaround Story for NOK Stock Faces Giant HurdlesEvery organization at one point comes to a critical pivot. It's in the struggle that we determine who will make it and who won't. But as NOK stock is concerned, the underlying company has multiple and perhaps insurmountable challenges.First, let's talk about their front-face smartphone brand. NOK is now in the licensing game, and smartphones represent a very small portion of their total revenue. Still, they make royalties off Nokia-branded products. And let's face it: management is in no position to turn down any amount of sales.The problem here is that along with the rest of Nokia's businesses, the device segment is declining. Looking at their latest smartphones, all I can think was "oh dear." They're bland and unimaginative. At a time when Apple (NASDAQ:AAPL) is incurring questions about their hardware, this is the time to strike. Unfortunately, it's a missed opportunity for Nokia stock.But the overriding challenge comes from the networks side. It's 89% of Nokia's sales, so it's do or die. The good news, as we saw with the Ooredoo deal, is that 5G is a technology of tomorrow. However, as our own Dana Blankenhorn explained, competition is fierce.NOK stock jumped on 5G's groundbreaking potential. But that same bullish narrative applies to other companies that don't share Nokia's problems.Also, the all-important numbers don't provide any confidence toward the turnaround story. In the first quarter of 2019, Nokia generated only $5.72 billion in top-line sales. That's a 5.6% drop year-over-year. Not only that, it's almost dead-even with Q1 2017's sales haul. Essentially, this means that NOK has gone nowhere since becoming a "new" company. * 5 Great Tech ETFs That Aren't the XLK Since there's nothing particularly distinctive about the company's approach to 5G, I'm not ready to risk jumping on Nokia stock. Dividend Is Nice, But Not Attractive EnoughThat said, NOK stock isn't without its strong points. The one standout for the telecom is its lofty dividend rate. At 4.5%, it will draw some eyeballs.I'm not against taking risky bets based partially on their dividend payout. After all, I own some shares of AT&T (NYSE:T). For me, though, the difference comes down to credibility. I believe in AT&T's longer-term vision, and it has the necessary large-scale support to meet it. With Nokia stock, I mostly see a commoditized organization with shaky fundamentals.But as I said earlier, NOK can make some moves from here. If it does, just take your profits and run. After years of turnaround efforts, it's still not getting the job done.As of this writing, Josh Enomoto is long Sony and AT&T shares. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Nokia Stock Is a Short-Term Trade And Thatas About It appeared first on InvestorPlace.
Sony Corp sees the smartphone business as indispensable to its brand portfolio, its CEO said, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business. Sony's consumer electronics hardware business "has centred on entertainment since our foundation, not daily necessities like refrigerators and washing machines," Kenichiro Yoshida told a group of journalists on Wednesday. The business, originally a joint venture with Sweden's Ericsson that Sony took full control of in 2012, has a global market share of less than 1%, shipping just 6.5 million handsets annually, mainly to Japan and Europe, according to Sony's financial statement.
Epic Games grossed a $3 billion profit in 2018. But how does a game like Fortnite actually make money? Here's an explanation of how this popular game brings in the cash.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sony Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Sony's next-generation console isn't due to launch anytime this year , but the tech giant has been surprisingly generous with details. During a corporate strategy presentation, the company has listed all the information it has revealed so far, confirming yet again that the PS5 will have backwards compatibility. Since it has a similar architecture to the PS4, it will be able to play games designed for the current-gen console and will also be compatible with the current version of PlayStation VR.
Yoshida, who took the helm a little over a year ago, addressed shareholders at the company’s investor day on Tuesday at Sony’s headquarters in Tokyo. The beefier device is designed to help PS4 users switch easily, Yoshida said.The new device will come with remote play, which lets users play console games from their phones, tablets and PCs.
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.