Summary
Sony Group share prices recently achieved their highest closing value in over 24 years.
The all-time high was driven by optimism surrounding upcoming game releases from PlayStation’s first-party studios.
Sony’s last earnings report promised major single-player PlayStation games to be released every year going forward.
Sony Group shares achieved an all-time high earlier this week at 3,338 yen ($22). The historic closing price breaks a 24-year-old record for Sony and was apparently driven by optimism surrounding the company’s PlayStation division as it heads into a potentially very profitable year.
PlayStation is Sony’s highest-earning division by far, accounting for around one-third of the company’s earnings. The rest is divvied up between other Sony businesses like film and TV, anime, music, consumer electronics, etc. Earlier this year, Sony announced that the current PS5 console generation is its most profitable ever, matching the PS4’s cumulative earnings in less than..