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The conglomerate becomes the most valuable Japanese electronics maker for the first time in 15 years, as investors and analysts have highlighted the profitability of films, music and gaming.
Sony Corp. stock on Tuesday closed at its highest level since January 2008 in Tokyo to become the biggest Japanese electronics maker by market capitalization for the first time in more than 15 years.
Sony closed at a 10-year high of ¥5,705 ($51.30) on Tuesday, following a 4.5 percent rise Monday, taking its total market value to around $65 billion, allowing it to overtake industrial instrument and equipment maker Keyence. The stock is up more than 12 percent so far this year.
https://www.hollywoodreporter.com/news/sony-stock-hits-10-year-high-1125884
Sony Corp. stock on Tuesday closed at its highest level since January 2008 in Tokyo to become the biggest Japanese electronics maker by market capitalization for the first time in more than 15 years.
Sony closed at a 10-year high of ¥5,705 ($51.30) on Tuesday, following a 4.5 percent rise Monday, taking its total market value to around $65 billion, allowing it to overtake industrial instrument and equipment maker Keyence. The stock is up more than 12 percent so far this year.
https://www.hollywoodreporter.com/news/sony-stock-hits-10-year-high-1125884