Before I left the US, I had a good chat with several friends including Mark Deloura about the future of Sony and their potential next steps and where their market is headed. Now that I’m in Tokyo, I got to attend the Sony Developer Conference and saw up close and personal some of their efforts from their mother land office.
Here some interesting evidence that Sony is heading the right direction:
– More PSN offerings including
– PS1 and PS2 games
– General media content including first party exclusive programming like Qore and many other media offerings from 3rd parties
– Enhanced PS1 and PS3 re-releases on Blu-Ray. For example the God Of War 1&2 games for the PS3(announced here)
– PS3 price cut and large hard drive capacity along with a slimmer (and faster model)
– A great line up of exclusive and non-exclusive games scheduled for 2009 and 2010 including: Heavy Rain (exclusive), Final Fantasy XIII (exclusive to Sony in Japan), Final Fantasy Vs XIII (exclusive to Sony everywhere), The Agency, God Of War III (exclusive), Uncharted 2(exclusive), Assassin’s Creed 2(non-exclusive) and Assassin’s Creed PSP(exclusive obviously)
– Sony is investing in new technologies like Facial and photo recognition (announced here) also as we know they have demonstrated the Sony motion controller
– Potential PS Phone (check here and here)
– Sony will introduce 3D LCDs by 2010 (check here)
Well after all that, I still have not answered the question. Is it a good time to buy Sony stock? I think the answer is yes. Its based on evidence that Sony has been trying to cut a lot of fat and increase their PS3 sales. Now the issue is that Sony is a huge company and their gaming sector is only a portion of their business so if they do well in games, that does not mean that the company will do well overall. I would like to add more analysis here but I gotta head to CEDEC tomorrow. So what do you think?