What's Going On With Sony Group Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Sony Group Corp is increasing its R&D spending in its game business, with a focus on live service games and the metaverse. The company plans to invest $2.13 billion into R&D for its game segment for FY24. Sony is shifting from a hardware focus to a subscription-based business model and expects the market for add-on style games to surpass the market for hardware like the PlayStation for the first time in 2026. Sony also plans to use the technology it develops in its game business in other fields, such as in-vehicle content for the electric car it is developing with Honda Motor Company.
July 13, 2023 | 10:54 am
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NEUTRAL IMPACT
Activision Blizzard could potentially be impacted by Sony's increased R&D spending and shift to a subscription-based business model.
Sony's increased R&D spending and shift to a subscription-based business model could potentially impact the gaming industry and affect Activision Blizzard.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft's interest in acquiring game publishing firm Activision Blizzard could potentially be impacted by Sony's increased R&D spending and shift to a subscription-based business model.
Sony's increased R&D spending and shift to a subscription-based business model could potentially impact the gaming industry and affect Microsoft's plans to acquire Activision Blizzard.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Honda could potentially benefit from Sony's increased R&D spending and shift to a subscription-based business model, as Sony plans to use the technology it develops in its game business in other fields, such as in-vehicle content for the electric car it is developing with Honda.
Sony's plan to use the technology it develops in its game business in other fields, such as in-vehicle content for the electric car it is developing with Honda, could potentially benefit Honda and boost its stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Hitachi's plan to increase R&D expenses in the environmental field by 27% could potentially boost its stock.
Hitachi's plan to increase R&D expenses in the environmental field shows the company's commitment to sustainability, which could potentially attract investors and boost its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Mitsubishi Electric's plan to boost power-saving semiconductor development could potentially boost its stock.
Mitsubishi Electric's plan to boost power-saving semiconductor development shows the company's commitment to innovation, which could potentially attract investors and boost its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Sony's increased R&D spending and shift to a subscription-based business model could potentially boost its stock in the short term.
Sony's increased investment in R&D and shift in business model shows the company's commitment to innovation and adapting to market trends, which could potentially attract investors and boost its stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100