Sony: The Best Bet Of Gaming Stocks [Seeking Alpha]
SONY CORP (SNE)
Last sony corp earnings: 10/31 04:02 pm
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US:NYSE Investor Relations:
sony.net/sonyinfo/ir
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Source: Seeking Alpha
Summary Sony Entertainment ( SNE ) has been going from strength to strength over the past two years. Much of this surging growth and more than doubling of the stock price is driven by its gaming strength. Gaming is going through a huge secular growth surge worldwide. It is also seeing a transformation to the cloud from console-based gaming. Sony is well placed to take advantage of this over the coming years. Pure gaming stocks should do well too. They don't though have Sony's advantage of diversification, synergies and alternative profit centres. I always like to follow companies in secular growth sectors with strong management. Sony ticks those boxes. The Gaming Arena A recent repor t by Newzoo emphasises the switch to mobile from console device-based gaming. The current breakdown is illustrated below: newzoo The report forecast global spending on gaming will hit US$137.9 billion this year. That would be up 13.3% on last year. Mobile revenue this
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