Sony Looks To Scoop This Mobile Games Business To Diversify Game Offerings

Sony Looks To Scoop This Mobile Games Business To Diversify Game Offerings
  • Sony Group Corp SONY looks to snap Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount, Reuters reports.
  • Earlier Sony's gaming chief Jim Ryan planned to radically broaden the games portfolio beyond the PlayStation 5 console and the group's focus on single-player games with more releases on PC and mobile.
  • Savage Game Studios, established two years ago and working on a live-service action title for mobile, will become part of a new mobile division of PlayStation Studios.
  • "PlayStation Studios must continue to expand and diversify our offering beyond the console, bringing incredible new games to more people than ever before," said Hermen Hulst, head of PlayStation Studios.
  • Sony struggled to meet the demand for PS5 consoles amid a supply chain crisis. 
  • Recently Sony had to hike prices to counter FX headwinds and inflation.
  • Sony clocked a 2% sales growth to ¥2.31 trillion in Q1 as the gameplay time for PlayStation users declined 15% Y/Y.
  • Sony cut its FY22 operating profit outlook to ¥1.11 trillion from ¥1.16 trillion as its PlayStation division stuttered and game sales declined.
  • Price Action: SONY shares closed lower by 4.16% at $81.71 on Friday.
  • Photo via Wikimedia Commons

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