Japan’s Sony to increase R&D spending in its gaming division

Japanese electronics manufacturer Sony Group will increase research and development spending in its gaming division by ten per cent to ¥300 billion this financial year. Spending on the gaming division, which is behind the popular PlayStation 5 console, will surpass R&D spending on electronics and semiconductors for the entire year. 

The new strategy

Sony has set an ambitious plan for its gaming division. It intends to invest in games with continuous support, offering a regular stream of new content and updates. It also plans to offer more games for PCs and mobile devices.

Rival Microsoft has focused on acquisitions. It wants to boost subscription revenues and strengthen its cloud-based gaming services to better compete with Sony, the market leader in games.

Recall

The U.S. Federal Trade Commission (FTC) said on Wednesday it was appealing a court ruling that allowed Microsoft to go ahead with its $69 billion (nearly CZK1.5 trillion) acquisition of Activision Blizzard. Activision is the maker of several successful games, such as Call of Duty, while Microsoft makes the XBox game console. A takeover of Activision would be the largest acquisition in the history of the video game industry.

Sony shares firmed 4.5 percent today on the Tokyo Stock Exchange, closing at 13,010 yen.

Source Czech Press Office

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