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Sony Investing Sentiment Drops Amid Coronavirus Struggles

By Noam Radcliffe

Sony's investing sentiment reportedly fell in the first quarter of 2020.
Sony's investing sentiment reportedly fell in the first quarter of 2020. / Courtesy of Sony

Production halts, resource procurement struggles and slipping margins, all caused by the coronavirus (COVID-19) pandemic, led investor sentiment around Sony to plummet in the first financial quarter of 2020, according to data and analytics company GlobalData.

Sony's earnings transcript sentiment dropped by more than 50% compared to the previous quarter, while its net income fell more than 90%, GlobalData said in a Thursday news release.

Sony Investing Sentiment Drops Amid Coronavirus Struggles

Revenue fell across Sony's gaming, music and electronics product segments despite the larger bump in gaming caused by COVID-19 lockdown measures. Both hardware and software sales dropped even as demands for consoles rose. Sony weathered that short term demand despite problems with the supply chain for PlayStation 4 components.

Sony still aims to release the PlayStation 5 in the 2020 holiday season. Notable first party exclusives The Last of Us Part II and Ghost of Tsushima are scheduled to release June 19 and July 17 respectively.