Why 2022 Could Be a Big Year for Sony
Sony (NYSE: SONY) has had a good year so far, despite supply shortages negatively impacting certain business segments, most notably consumer electronics. Total revenue should increase by 2% in fiscal 2021 (which ends March 31, 2022) based on current analyst estimates.
Looking ahead to next year, supply issues are expected to linger in the semiconductor industry, but Sony's primary growth driver is gaming, which generates stable sales and profits from the PlayStation Plus (PS Plus) and PlayStation Now (PS Now) subscription services. These digital revenue streams are not susceptible to hardware shortages.
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Source Fool.com
