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Details of the rollout in other countries are not yet available. At present, Sony carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. However, in the beginning, the availability of the games will be limited to Japan. Reportedly, the company is planning to launch as many as six mobile games based on its popular PlayStation franchises.

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Sony is also rapidly making inroads into the lucrative mobile gaming space. Sony also unveiled a sleeker and more energy-efficient PS4 to replace the original fourth-generation PlayStation machine.Shares of Sony have grown over 21.54% compared with the Zacks Audio/video Home products industry’s gain of 17.44%. PS4 is designed to support Sony's PlayStation VR virtual reality headset.

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Last year, Sony launched two new versions of PS4 in a bid to maintain a competitive edge in the video games console market. PS4 leads the way for Sony’s gaming division. Sony is facing troubles in a number of its business segments, but it has been leveraging its games business that has consistently performed well on robust sales of consoles. PS4 software sales were impressive too with 50.4 million copies (both digital and physical) sold as of Jan 1, 2017. SNE announced that it has sold 6.2 million units of PS4 over the holiday season while Nintendo Co Ltd NTDOY displayed new accessories for its console Switch at CES 2017.ġ.Yesterday, in a press release, Sony announced that it has sold over 6.2 million units of PS4 to customers worldwide during the 2016 holiday season, taking the total count of PS4 units sold to 53.4 million units.

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Among the top stories this week, Sony Corp.









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