Comment Re:Up 6.26% over the last year (Score 1) 72
Huh? If I look on Google finance, it shows Sony up 6.26% over the last year. No great, but not down 5%.
It's also confusing because if you read the article (what? I know), it says Sony's down 5% over the year under a chart showing Sony starting at $17.01 a year ago and ending at $18.46. Huh?
But the overall point behind the article appears to be focusing on Sony's entertainment properties, and it's clear that Sony Pictures and Sony Interactive Entertainment are having major issues. Sony isn't just its entertainment divisions, and it's entirely that those other divisions are what's keeping the company afloat, even as entertainment drops.
All that being said, everything in the entertainment industry is encountering issues, for a couple of obvious reasons. The first is inflation: as prices rise, people drop luxuries, like going to the movies or game consoles, first. The second is the end of the pandemic: during the pandemic, entertainment sales spiked as people had nothing else to do. Now they do.
Which means that, even while Sony definitely had a bad year when it comes to entertainment releases, everyone else has had a bad year too. Microsoft is having issues with Xbox and Nintendo has pushed back the release of its new console. Quite a few game studios have folded entirely. It's not just a Sony issue.