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.’