Sony is losing billions of dollars in the stock market. The PS5 maker's stock valuation continues to fall

by alex

Sony tells the community that PS5 is the most profitable generation. But investors are not convinced by these revelations. The company continues to suffer heavy losses in the stock market.

Sony's results on the New York Stock Exchange are not optimistic. Sony lost 1.78% of its value in one day, and 3.46% over the past week. The forecast for the last 12 months is minus 18.26% of the market value. Now one share of the corporation costs $78, and at the end of May 2023 it was valued at $94.

Recently, an article appeared on AltIndex with the remark that Sony has shown worst stock market performance among gaming giants. On an annual basis, the company lost more than $15 billion on the New York Stock Exchange, with the biggest drops coming in early 2024, when it became clear that Sony's current margins were significantly lower than in previous years.

READ
Russian voice acting of Resident Evil 6 will receive a remake. Mechanics VoiceOver Announces Major Localization Update

It's worth taking a look at your competitor's results. Microsoft's performance over the same period is fantastic. The American giant continues its ascent in the US stock market, with its share price rising by about 30% over the past 12 months. Market analysts praise Microsoft for investing in the development of generative artificial intelligence and expansion into the gaming market. According to Yahoo Finance, Microsoft's acquisition of Activision Blizzard should be a particularly good move.

***

Cover author: PlayStation. Cover source: PlayStation

You may also like

Leave a Comment