Again, Sony shares reach their highest level in almost 25 years

Sony, the Japanese tech giant behind the PlayStation console, has just reported its highest share price in almost 25 years.

At the time of the publication, Sony’s shares reached ¥3,517, approx. $23.02. The last time that happened was over two decades ago back in 2000 when it reached ¥3,005 when the PlayStation 2 hit the market, which then became the highest-selling console of all time.

It’s the second time that Sony’s shares reached its record high. Back in December 2024, Sony closed at ¥3,338 per The Wall Street Journal.

Though, Nintendo’s Switch has recently surpassed 150 million units sold, making it the company’s best-selling home console, and it is now closing in on the Nintendo DS and PS2’s sales.

A lot of exciting things are happening at Sony, and the investors are expecting a rather positive financial report.

Sony shipped over 65.5 million units of the PlayStation 5, its current-gen console, which is a lot more than competitor Xbox Series X/S’ 28.3 million from Microsoft. The success of the PS Portal is also still fresh in the mind, and with rumors of a PS5 Portable console, things seem to be looking up for the company.

Sony’s recent leadership shake-up also contributed to the excitement.

Last month, Hideaki Nishino became President and CEO of Sony Interactive Entertainment (SIE), and Hiroki Totoki transitioned to President and CEO of Sony Corporation. Totoki will then step down from his role as SIE Chairman to become President and CEO of Sony Corporation. Hermen Hulst will remain CEO of the Studio Business Group, overseeing PlayStation products.