Sony Group Corporation (SONY)
After hours:
- Bloomberg
Sony Plans to Buy More Game Studios, Grow With Live Services, PC
(Bloomberg) -- Sony Group Corp.’s PlayStation division will acquire more game studios and increase investment in live services, PC and mobile offerings, its gaming chief said on Thursday.Most Read from BloombergFord Beats Tesla to the Punch With First Electric F-150 DeliveryRussian Wins in Eastern Ukraine Spark Debate Over Course of WarStocks Notch Their Best Week Since November 2020: Markets WrapZilingo’s Fired CEO Responds to Questions of Mystery PaymentsUkraine Latest: US Slams Putin’s Food-f
- Reuters
Sony to ramp up PS5 production and broaden games portfolio
TOKYO (Reuters) -Sony Group Corp said it plans to ramp up production of its PlayStation 5 console as supply chain snarls ease and signalled a radical broadening of its games portfolio including more titles on PC and mobile. The PS5, which went on sale in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry. Beyond the initial ramp up "we're planning for heavy further increases in console production, taking us to production levels that we've never achieved before," Sony Interactive Entertainment CEO Jim Ryan told an investor briefing.
- Bloomberg
Cisco Tumbles Most Since 2011 as Supply Upheaval Hits Sales
(Bloomberg) -- Cisco Systems Inc. spooked investors with a warning that Chinese lockdowns and other supply disruptions would wipe out sales growth in the current quarter, sending its shares plummeting the most in more than a decade and renewing broader concerns about tech spending in a shaky economy.Most Read from BloombergPlot to Kill George W. Bush in Revenge for Iraq War Was Foiled, FBI SaysTexas Shooter Kills Elementary School ChildrenStocks Finish Off Session Lows While Bonds Climb: Markets
