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Sony Corporation (SNE)

NYSE - NYSE Delayed Price. Currency in USD
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99.71+0.43 (+0.43%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous Close99.28
Open99.85
Bid0.00 x 900
Ask0.00 x 1300
Day's Range99.39 - 100.18
52 Week Range50.94 - 105.00
Volume765,731
Avg. Volume1,089,904
Market Cap123.228B
Beta (5Y Monthly)0.89
PE Ratio (TTM)20.96
EPS (TTM)4.76
Earnings DateN/A
Forward Dividend & Yield0.47 (0.47%)
Ex-Dividend DateSep. 28, 2020
1y Target Est117.18
  • AMD Gives Upbeat Sales Forecast on Demand for Chips
    Bloomberg

    AMD Gives Upbeat Sales Forecast on Demand for Chips

    (Bloomberg) -- Advanced Micro Devices Inc. gave an upbeat forecast, reflecting strong demand for its chips and gains against rival Intel Corp.First-quarter revenue will be about $3.2 billion, plus or minus $100 million, Santa Clara, California-based AMD said Tuesday. That compares with an average analyst estimate of $2.73 billion. For 2021, the company projected a sales increase of 37%, well ahead of Wall Street expectations.AMD has struggled for decades to make sustainable gains against Intel, the world’s largest chipmaker. However, the smaller company has revamped its products and outsourced production, helping it create processors that match or exceed the performance of Intel’s offerings. That has spurred early market share gains and a surge in AMD shares in recent years.Lisa Su, AMD’s chief executive officer, faced questions on whether she can get enough chips to meet demand and how much more profitable the company could be if it can pull this off.“Overall demand has been high in 2020 and exceeded our plans,” she said in an interview. “All of our businesses are firing on all cylinders.”AMD’s 2021 forecast takes into account tight supply in the first half of the year. Profitability is increasing and margin expansion will depend on which market is growing faster, she said. AMD’s profit margins aren’t being squeezed higher production costs or price cuts, she added.In addition to competing with Intel in processors for personal computers and servers, AMD supplies graphics chips used in Microsoft Corp.’s Xbox and Sony Corp.’s PlayStation. New versions of these video game consoles went on sale during the recent holiday period, raising expectations for this part of AMD’s business, which rivals Nvidia Corp.AMD’s chips are made by Taiwan Semiconductor Manufacturing Co., which has better production technology than Intel. TSMC also supplies Apple Inc., Qualcomm Inc., Nvidia and many other technology companies, and the Taiwanese company is struggling to keep up with demand.Last week, Intel reported better-than-expected earnings and gave an upbeat forecast for the first quarter. Strong demand for laptops to support working and studying from home has fueled growth and will continue in the first half of 2021, Intel said.AMD reported fourth-quarter net income of $1.78 billion, or $1.45 a share, compared with $170 million, or 15 cents, in the same period a year earlier. Revenue rose 53% to $3.2 billion. Profit, excluding certain items, was 52 cents. Analysts were looking for profit of 47 cents on sales of $3 billion. Net income was boosted by a tax benefit of $1.3 billion in the quarter, AMD said.AMD shares slipped about 1% in extended trading. The stock has soared almost 90% in the past year.(Updates with CEO comments in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Sony (SNE) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Sony (SNE) Stock Sinks As Market Gains: What You Should Know

    Sony (SNE) closed at $99.28 in the latest trading session, marking a -1.81% move from the prior day.

  • Microsoft Says It ‘Messed Up’ on Pricier Plan for Xbox Live Gold
    Bloomberg

    Microsoft Says It ‘Messed Up’ on Pricier Plan for Xbox Live Gold

    (Bloomberg) -- Microsoft Corp. backtracked on a plan to raise the price for subscriptions to Xbox Live Gold, its paid online gaming platform, after outrage from users. The price bump would have doubled the cost of an annual pass and bring a six-month subscription to $60. Last year, Microsoft removed the option for a full-year subscription at that price from the online store. The cost for a monthly subscription will also stay the same.“We messed up today and you were right to let us know,” the company said in a statement. “Connecting and playing with friends is a vital part of gaming and we failed to meet the expectations of players who count on it every day. As a result, we have decided not to change Xbox Live Gold pricing.”The earlier move would have pushed the price of Xbox Live Gold closer to Xbox Game Pass Ultimate, a more expensive subscription that also gives access to games and other perks. Game Pass has become central to Microsoft’s strategy to attract loyalty with the recent release of the Xbox Series X console. But gamers were outraged that Microsoft announced the plan to raise the cost of a subscription so drastically, especially during the pandemic, when people have been spending more time on screens than usual and unemployment has risen. Users expressed frustration online, often comparing the subscription cost to Sony Corp.’s PlayStation Plus, which is $60 a year.On Twitter, where the subject was one of the top trending topics on Friday, a gamer named Zay said “Xbox users gotta sell their Xbox just so they can get Xbox live gold.”One user said Microsoft is out of touch with its community and the economic reality.In justifying the earlier move, Microsoft said the price of Xbox Live Gold “has not changed for years and in some markets, it hasn’t changed for over 10 years.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.