Sony Corp (ADR) (SNE) Announces New PC & MAC Streaming for PS4


I’ve long been jealous of fellow video game fanatics who own an Xbox One. The idea that they can stream their content directly from their game console to a large PC monitor always had me feeling a bit bitter, since I’m a Sony PS4 owner. As many of you know Sony Corp (ADR) (NYSE:SNE) never provided gamers like myself with this ability.

That is until today, when Shuhei Yoshida of Sony announced via Twitter: “Some people asked if we plan to provide Remote Play function to PC, and yes, we are indeed working on an official application for PC/Mac. :D”

At last, I can now rejoice! The question is, will shareholders of Sony react at all to this news, or is this something not many people really care about?

The stock decreased 1.67% or $0.45 on November 25, hitting $26.51. SNE has declined 15.41% since April 24, 2015 and is downtrending. It has underperformed by 14.29% the S&P500.

Out of 2 analysts covering Sony Corp (NYSE:SNE), 2 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Sony Corp was the topic in 3 analyst reports since August 16, 2015 according to StockzIntelligence Inc. Nomura maintained the stock on September 4 with “Buy” rating. JP Morgan maintained the shares of SNE in a report on August 16 with “Overweight” rating.

Sony Corporation is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software. The company has a market cap of $33.38 billion. The Company’s divisions include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other. It currently has negative earnings. The Company’s manufacturing facilities are located in Asia, including Japan.