Hollywood Reporter – How ‘Spider-Man,’ the PlayStation 4 and Electronics Have Pushed Sony’s Stock to Nine-Year Highs

The success of ‘Baby Driver’ and better than expected streaming music revenue have also helped propel growth in 2017.

July 28, 2017

‘Sony Corp. stock has been hitting nine-year highs as of late, reaching its highest prices of the tenure of CEO Kaz Hirai.

The return to profitability of its electronics business, the confidence-boosting box-office performance of Spider-Man: Homecoming and continued strong sales of the PlayStation 4 (PS4) have all boosted investor sentiment.

The electronics and entertainment conglomerate’s stock closed down slightly in Tokyo on Friday at ¥4,533 ($40.82), having on Thursday recorded its highest level since the global financial crisis in 2008. The stock is up 38 percent this year.’

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