SUMMARY
- Sony Group's share price has reached its highest value in more than 24 years.
- The all-time high was driven by expectations surrounding upcoming game releases from PlayStation's original studio.
- Sony's latest earnings report promised major single-player PlayStation games to be released next year.
Sony Group Shares hit a high earlier this week at 3,338 yen ($22). The historic closing price broke a 24-year record for Sony and appears to have been driven by optimism surrounding the company's PlayStation division as it enters a potentially profitable year.
PlayStation is Sony's highest-grossing division, accounting for around a third of the company's revenue. The rest is distributed to other Sony businesses such as film and television, anime, music, consumer electronics, etc. Earlier this year, Sony announced that the current generation PS5 console is the most profitable, matching the revenue of the PS4 by less than four times. years. Furthermore, with blockbuster game releases lined up for the final half of the PS5's life cycle, including many from PlayStation's major in-house studios, it's likely that Sony officials are optimistic about the company's earnings.

related
All major video games are coming soon to PS5 and PS4
From JRPGs to platforming, racing, and fighting titles, here are all the big new PS5 games coming out in 2024, 2025, and beyond.
This optimism was reflected in the price of Sony Group earlier this week on Tuesday, which closed at a high of 3,338 yen ($22) according to a rating from Australian financial firm Macquarie. The assessment estimated the profit growth for Sony's next financial year, which will start in April 2025. The main reason behind Macquarie's upgrade was higher expected revenue from games developed by PlayStation first-party studios next year. Sony confirmed during its latest earnings call that it expects to release a single-player PlayStation game next year.
A big profit increase is expected for Sony because of the big upcoming PlayStation games
Ambition and budgets for AAA games have increased in recent years, leading to longer development times. PlayStation has had a strong first-party presence in the first two years of the PS5 generation with games like God of War Ragnarok, Gran Turismo 7, return, Horizon Forbidden West, Ratchet and Clank: Rift Apartetc. Until 2023, however, Sony's only single-player release is Spider-Man 2 SY Astro Bot. Both have been successful, but requests for great new PlayStation games are bubbling up, especially from big studios like Naughty Dog, Santa Monica Studio, Guerrilla Games, and more.
These PlayStation studios have many projects in the works, and many of them have spent a long time in development. Therefore, it is likely that they will be ready for release next year. With Sucker Punch's Ghost of Yotei confirmed for 2025, it remains to be seen if Sony has another PlayStation game to debut next year. In addition to the first party, Sony is set to make a lot of money with big titles such as third parties. GTA 6which is scheduled for release in the fall of 2025 and is expected to be a major PS5 system seller.

PlayStation 5
Sony's PlayStation 5 is part of the ninth console generation and launched with a launch lineup that included Demon's Souls and Astro's Playroom. The console comes with a Blu-ray disc, although a digital edition is also available for a cheaper price.