PS4 Sales, SharePlay Give Sony Stock a Boost

HONG KONG – Shares of Sony Corp. rose 2% in Wednesday morning trade in Tokyo on strong sales for the company’s PlayStation 4 console.

The electronics and entertainment conglomerate revealed this week that it had sold over 10 million units of the PS4 in the nine months since the unit’s launch last November. Games industry sources suggest that it is outselling Microsoft’s X-Box by perhaps as much as three times.

At the GamesCon convention in Cologne, Germany this week, Sony also revealed a firmware upgrade 2.0 and a new feature SharePlay, which allows two or more games players to play against each other whatever their location.

Sony, which has been dogged by losses for the past several years, last month revealed a surprise first quarter profit. Results were boosted by the film and console businesses.

Sony shares in Tokyo at 11.30 am JST traded at JPY1,810, up JPY35. The shares are also traded in ADR form in New York.

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