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    6758   JP3435000009

SONY GROUP CORPORATION

(6758)
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Microsoft plans to tap smart TVs, streaming devices for Xbox games

06/10/2021 | 09:07am EDT
FILE PHOTO: Head of Microsoft Xbox Phil Spencer speaks during the Microsoft Xbox E3 2017 media briefing in Los Angeles

STOCKHOLM (Reuters) - Microsoft said on Thursday it was working with global TV manufacturers so that gamers can play Xbox games through internet-connected televisions without any extra hardware other than a controller.

Xbox is also building its own streaming devices for cloud gaming to reach gamers on any TV or monitor without the need for a console.

The company, which launched two models of its Xbox gaming consoles last year, has also been focusing on developing its cloud gaming service to attract casual gamers with the promise of cutting ties to the living room.

Game Pass, a $9.99 per month subscription service with titles such as "Alien Isolation" and "Gears 5", can be played on Xbox consoles, Android devices and PCs, and is seen as a weapon for cutting into the dominance of rival Sony's PlayStation platform.

"With Game Pass coming to the browser, the value of the subscription is going to transcend from the console to the PC to mobile," Chief Executive Satya Nadella said in a pre-recorded video.

"I am looking forward to how we continue to invest in Game Pass, to add more content and bring the service to even more geographies," he said.

Cloud gaming through Xbox Game Pass Ultimate, available in dozens of countries, will be launched in Australia, Brazil, Mexico, and Japan later this year.

Xbox, which is exploring new subscription offerings for Game Pass, is also working with telecom companies to allow consumers to buy both a console and Game Pass for a low monthly price, rather than spending money up front.

Gaming has received a boost since the beginning of the pandemic as over half of gamers in North America and Western Europe spent more time gaming, according to a report by gaming analysis firm Newzoo.

Xbox plans to release at least one new, first party game into Game Pass every quarter, as more than 23 studios worldwide are creating games for the platform.

"We will unlock the ability for anyone on the planet to enjoy the gaming experiences that relatively few have had the access to before," said Phil Spencer, head of Xbox.

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; Editing by Bernadette Baum)

By Supantha Mukherjee


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.08% 6.0411 Delayed Quote.-5.65%
MICROSOFT CORPORATION -0.56% 259.43 Delayed Quote.17.30%
SONY GROUP CORPORATION 0.48% 10500 End-of-day quote.2.09%
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Financials
Sales 2021 8 866 B 80 409 M 80 409 M
Net income 2021 1 075 B 9 749 M 9 749 M
Net cash 2021 2 729 B 24 746 M 24 746 M
P/E ratio 2021 12,0x
Yield 2021 0,52%
Capitalization 13 010 B 118 B 118 B
EV / Sales 2021 1,16x
EV / Sales 2022 1,04x
Nbr of Employees 111 700
Free-Float 98,2%
Chart SONY GROUP CORPORATION
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Sony Group Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends SONY GROUP CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 14 466,32 JPY
Last Close Price 10 500,00 JPY
Spread / Highest target 81,5%
Spread / Average Target 37,8%
Spread / Lowest Target -9,52%
EPS Revisions
Managers and Directors
NameTitle
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Hiroki Totoki CFO, Director, VP & Head-Business Administration
Shuzo Sumi Co-Chairman
Adam Alexander Crozier Non-Executive Chairman
Toru Katsumoto Chief Technology Officer, Executive VP, Head-R&D
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