top of page
  • tech360.tv

Sony Group to Invest $2.17 Billion in Gaming R&D to Compete with Microsoft

Updated: Jan 2

[Edited] Sony Group is set to boost its research and development (R&D) spending at its gaming unit by approximately 10%, reaching 300 billion yen ($2.2 billion) in the current financial year, according to a report by Nikkei.

Sony
Credits: REUTERS

The report states that R&D spending for the gaming business, which includes the highly successful PlayStation 5 console, will surpass spending on electronics and semiconductors this year.


While Sony has not yet responded to requests for comment, its gaming business has outlined ambitious plans to invest in live-service games, which offer continuous updates, as well as expanding its offerings in PC and mobile gaming.

Following the news, Sony's stock rose by 4% during Tokyo morning trade, likely due to a brokerage upgrade.


In the gaming industry, Microsoft has turned to acquisitions to enhance its subscription and cloud-based gaming services in order to better compete with Sony, the market leader.


In related news, the U.S. Federal Trade Commission announced on Wednesday that it would appeal a federal judge's ruling allowing Microsoft to proceed with its $69 billion acquisition of Activision Blizzard, the maker of popular game "Call of Duty."


As of the current exchange rate, $1 is equivalent to 138.3900 yen.

 
  • Sony Group plans to increase R&D spending at its gaming unit by 10% to 300 billion yen.

  • R&D spending for the gaming business will surpass spending on electronics and semiconductors.

  • Sony's gaming business aims to invest in live-service games and expand into PC and mobile gaming.


Source: REUTERS

As technology advances and has a greater impact on our lives than ever before, being informed is the only way to keep up.  Through our product reviews and news articles, we want to be able to aid our readers in doing so. All of our reviews are carefully written, offer unique insights and critiques, and provide trustworthy recommendations. Our news stories are sourced from trustworthy sources, fact-checked by our team, and presented with the help of AI to make them easier to comprehend for our readers. If you notice any errors in our product reviews or news stories, please email us at editorial@tech360.tv.  Your input will be important in ensuring that our articles are accurate for all of our readers.

bottom of page