Sony shares hit record highs

Sony Group Shares hit an all-time high of 3,338 yen ($22) earlier this week. The historic closing price broke a 24-year-old record for Sony and was apparently driven by optimism around the company's PlayStation division as it heads into a potentially very profitable year.

PlayStation is Sony's highest-grossing division by far, accounting for nearly a third of the company's revenue. The rest is split between other Sony businesses such as film and TV, anime, music, consumer electronics, etc. Earlier this year, Sony announced that the current PS5 console generation is its most profitable, matching the PS4's total earnings in less than four times. year Moreover, with blockbuster game releases lined up for the latter part of the PS5's lifecycle with PlayStation's major in-house studios, Sony shareholders are very optimistic about the company's huge projected earnings.

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This optimism was reflected in Sony Group's share price on Tuesday earlier this week It closed at an all-time high of 3,338 yen ($22). Thanks to the ratings from Australian financial firm Macquarie. The rating predicts an increase in operating profit for Sony's next fiscal year, which starts in April 2025. This was the main reason behind Macquarie's amendment. Highly anticipated revenue from games developed by PlayStation first-party studios In the coming years. Sony confirmed during its last earnings call that it expects to release major single-player PlayStation games every year going forward.

A huge profit spike is expected for Sony for major upcoming PlayStation games

Ambitions and budgets for AAA games have ballooned in recent years, leading to longer development times. PlayStation had a strong first-party presence as games in the first two years of the PS5 generation God of War Ragnarok, Gran Turismo 7, return, Horizon Forbidden West, Ratchet and Clank: Rift Apartetc. Since 2023, however, Sony has had only notable single-player releases. Spider-Man 2 and Astro Bot. Both of those were successful, but the demand for major new PlayStation games continued to grow, especially from well-known studios like Naughty Dog, Santa Monica Studios, Guerrilla Games and more.

These PlayStation studios have many projects in the works, many of them have spent a long time in development. Therefore, it is very likely that they will be ready for release in the coming years. With Sucker Punch Ghost of Yotei Confirmed for 2025, it remains to be seen if Sony has other tentpole PlayStation first-party games planned for next year. Aside from first-party, though, Sony is set to make a lot of profit from big third-party titles. GTA 6It is scheduled for release in the fall of 2025 and is expected to be a huge PS5 system seller.

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PlayStation 5

Sony's PlayStation 5 is part of the ninth console generation and debuted with a launch lineup that included Demon's Souls and Astro's Playroom. The console comes with a Blu-ray disc, although a digital-only version is also available at a cheaper price.