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Along with driving the most growth, gaming is Sony's largest business. Based on forward guidance, the segment is expected to comprise 29% of total revenue and 31% of operating profit in fiscal 2021. While the supply of consoles is well short of demand right now due to chip shortages, there are good reasons to believe the gaming business could perform much better than investors expect and push the stock price higher in the new year.
The metaverse has mostly been the realm of crypto investors, NFT enthusiasts, and fashion brands looking to get in early before everyone else figures out how to make a business out of it. The less typical businesses are finding their places in the metaverse every day, so it's not at all surprising that a sports team would make the leap.
Manchester City will use technology from Sony to build and commercialize a virtual replica of the soccer team's home stadium.
Knowledge is power.