Sony Fires Back at Microsoft (MSFT): PlayStation Portal’s Game-Changing Cloud Streaming Update
Sony just dropped a bombshell in the console wars—PlayStation Portal's cloud streaming upgrade is a direct shot across Microsoft's bow. No more tiptoeing around Azure's shadow.
Here's why it matters: The Portal now streams AAA titles like a champ, bypassing hardware limits. Microsoft's xCloud team? Probably sweating through their 'Halo' merch right now.
Finance jab: While MSFT investors hyperventilate over metaverse losses, Sony's playing 4D chess—leveraging existing tech to actually turn a profit. Imagine that.
Bottom line: This isn't just an update—it's a power move. And for gamers? Less lag, more frag.
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This update now lets players take their PS5 games on the go, without the need to tie the PS Portal to a PS5 for Remote Play. That’s a major benefit as the console was previously limited to playing PS5 games streamed from a connected console. This adds a LAYER of portability to the PS Portal that wasn’t previously there.
This also challenges Microsoft’s plans to turn every device into an Xbox. It also comes after the launch of the ROG Xbox Ally, a handheld gaming PC that added portability to Microsoft’s gaming division. Taking games on the go has proven to be a huge appeal to gamers, with Nintendo (NTDOF) paving the way with its Switch and the ongoing success of the Switch 2. As such, it makes sense that Sony and Microsoft are competing so fiercely in this field.
Sony Stock Movement Today
Sony stock was up slightly on Thursday, extending a 36.52% year-to-date rally. The stock has also climbed 53.69% over the past 12 months. Investors will note that Sony does more than just video games. The entertainment company also has businesses dedicated to film and music.
Is Sony Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Sony is Moderate Buy, based on two Buy ratings over the past three months. With that comes an average SONY stock price target of $34, representing a potential 20.91% upside for the company’s shares.
