Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Sony Corp, maker of the PlayStation, is to officially present the next lineup in its mobile devices division, set to deepen cross platform integration, as the new handhelds are designed to connect to the PlayStation 4.

The company announced on its website that at the IFA consumer electronics show in Berlin, Germany, scheduled to start from Friday, September 5, it is unveiling an array of new products, including two Xperia Z3 smartphone models, two Z3 tablets, and a “smartwear” line of wearable devices.

“Each of our latest Sony products seeks to do more than just deliver new functionality,” Kazuo Hirai, President and CEO, Sony Corporation said. “We seek not only to meet your needs, but to elevate your experience to new heights.”

The company steered attention towards the integration possibility between its new Xperia Z3 and the companys best-selling gaming platform, the PlayStation 4.

“Allowing its latest smartphone and tablet remote access to its PS4 and games played on its PlayStation network is another huge step in the right direction,” Amir Anvarzadeh, a manager of Japanese equity sales at BGC Partners Inc. in Singapore, said for Bloomberg. “The Japanese consumer electronics giant is moving away from the past strategic mistakes of focusing on market share gains.”

Sonys move comes in sync with several other major rivals in the smartphone industry, including Samsung and Microsoft, as the market prepares for the upcoming Apple unveiling of the new iPhone 6, set to spur a publicity storm.

Sony Corp closed at ¥2 056 (~$19.58) today, down 0.82% for the day and valuing the company at ¥2.17tn (~$20.67bn). According to a Financial Times survey, as of September 3rd 18 analysts offering 12-month price targets for Sony Corp have a median target of ¥2 050, with a high estimate of ¥3 000 and a low estimate of ¥1 360.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Forex Market: EUR/USD daily trading forecastForex Market: EUR/USD daily trading forecast Yesterday’s trade saw EUR/USD within the range of 1.1170-1.1299. The pair closed at 1.1280, soaring 0.65% on a daily basis, or the most considerable daily gain since September 1st, when it appreciated 0.93%. Thursday has also been the fifth […]
  • Copper trading outlook: futures slide on China growth worriesCopper trading outlook: futures slide on China growth worries Copper fell by more than 2% to hit the lowest in two weeks and a half on fears Chinas economy may weaken further after a recent series of downbeat economic data, ahead of GDP figures due tomorrow. A gauge of manufacturing activity in the US […]
  • DAX Starts at 23,266 EUR as German Fiscal Reform Vote ApproachesDAX Starts at 23,266 EUR as German Fiscal Reform Vote Approaches Key moments DAX opens at 23,266 EUR, reflecting investor optimism surrounding Germany's impending fiscal reform vote. Anticipated parliamentary approval of a €500 billion infrastructure fund and related fiscal measures drives […]
  • Spot Silver surges as Trade Court blocks Trump tariffsSpot Silver surges as Trade Court blocks Trump tariffs Spot Silver surged almost 1% on Thursday, reversing the loss from the prior trading day and diverging from other precious metals such as Gold amid easing trade-related uncertainty.The US Court of International Trade found that President […]
  • BlackRock announces $5.10 quarterly dividendBlackRock announces $5.10 quarterly dividend BlackRock Inc (NYSE: BLK) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $5.10 per share of common stock.The dividend was kept unchanged from the previous quarterly dividend […]
  • Grain futures rise, wheat rebounds from 1-month lowGrain futures rise, wheat rebounds from 1-month low Grain futures edged higher during European trading on Thursday as weather forecasts continued to predict mixed conditions in major growing areas in the U.S., South America and Europe.On the Chicago Board of Trade, soybeans futures for […]