Big changes at Sony push stock price to record high

by

There has just been a real earthquake in the structures of Sony company.

  1. Until now, Hideaki Nishino and Hermen Hulst jointly held the role of CEOs of Sony Interactive Entertainment (the part of the corporation responsible for PlayStation). Starting April 1st this year, this will change and Nishino will be the only CEO.
  2. On that day, Hermen Hulst will take the lead of PlayStation Studios, which is a group overseeing the development studios belonging to the corporation. The former co-head of SIE will now report to Nishino.
  3. Also on April 1st, Hiroki Totoki, who has so far been the chairman of the board, will take over as the CEO of the entire Sony.

At present, we’re uncertain about how these developments may influence the company. Hulst was a significant proponent of the unsuccessful approach where the company heavily invested in game services. With him now leading PlayStation Studios, it’s challenging to predict any changes regarding this issue. Nevertheless, some speculate that these organizational shifts might signal a stronger emphasis on the Japanese market, potentially including an effort to compete in portable console categories and a potential decrease in investments in game services.

It’s noteworthy that the stock exchange greeted these alterations with great excitement. Following the announcement of the decision, Sony’s shares surged by 5%. Now, after a prolonged upward trend, they have attained their all-time record high.

Read More

2025-01-30 11:34