Lawlight on 17 July 2017
| VideoGameAccountant said: Here is the stock price if anyone is interested. https://www.google.com/#q=Sony+stock+price For whatever reason, the stock tends to go up in the summer and fall in the winter. It's been steadily increasing for the last few years and Sony had decent earnings in 2015 and 2016. From what I'm reading, gaming is driving the stock, and I'd agree. However, with that means the company is more volatile as the console market is all over the place. Even Sony rode high from PS2, flopped with PS3 (which almost took down the company) and is doing well with PS4. Sony is hardly competitive in any other industry its in, so gaming is what will drive the stock. We'll have to come back in a year or two and see how the company does from there. |
The console market is not all over the place - they just messed up with the PS3. Not making extraordinary decisions returned things to normal with the PS4.
Also, you're forgeting that their life insurance has been their biggest division for years now. Their music and TV division are very strong too.
