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  ·2023-02-03
  [Miser]
  Cathie Wood Is More Bullish on EVs Than Almost Anyone
  Cathie Wood is known for her convictions as an investor. And she's one of Tesla's biggest bulls, bel
  Cathie Wood Is More Bullish on EVs Than Almost Anyone
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  ·2023-02-03
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  Sony Lifts Outlook Closer to Record Level, Raises PS5 Sales Target
  Japan's Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing
  Sony Lifts Outlook Closer to Record Level, Raises PS5 Sales Target
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href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/GPRO\">$GoPro(GPRO)$</a>&nbsp;","text":"$GoPro(GPRO)$","images":[{"img":"https://community-static.tradeup.com/news/f70cb4526e3a244d7ca028305dbeb650","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/275601068200144","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9955633784,"gmtCreate":1675381207949,"gmtModify":1676538997758,"author":{"id":"4109052217286120","authorId":"4109052217286120","name":"Dragonbody","avatar":"https://community-static.tradeup.com/news/8c619fa4bf1941f68f7764c4f6441991","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109052217286120","authorIdStr":"4109052217286120"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955633784","repostId":"2308406512","repostType":4,"repost":{"id":"2308406512","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1675346736,"share":"https://ttm.financial/m/news/2308406512?lang=&edition=fundamental","pubTime":"2023-02-02 22:05","market":"us","language":"en","title":"Cathie Wood Is More Bullish on EVs Than Almost Anyone","url":"https://stock-news.laohu8.com/highlight/detail?id=2308406512","media":"Dow Jones","summary":"Cathie Wood is known for her convictions as an investor. And she's one of Tesla's biggest bulls, bel","content":"<html><head></head><body><p>Cathie Wood is known for her convictions as an investor. And she&#39;s one of Tesla&#39;s biggest bulls, believing the future of personal transportation is all-electric.</p><p>Wednesday, Wood&#39;s firm, ARK Invest, released its 2023 Big Ideas report, the latest in a series of such annual reports. It covers a variety of big trends that guide ARK&#39;s investing including cryptocurrency, precision healthcare and electric vehicles.</p><p>EVs had a big year in 2022 with global unit sales growing about 62% year over year. Sales of gasoline powered cars and hybrid-electric vehicles declined by about 7%, according to ARK.</p><p>The shift to electric isn&#39;t new. Gasoline and hybrid sales have declined in four of the past five years, which is creating a dilemma for traditional auto makers: They are serving a shrinking market, a reason most car makers have pivoted toward EVs.</p><p>ARK believes the entire industry will accelerate vehicle electrification efforts and projects the industry will spend more than $1 trillion, cumulatively, on EV development over the coming 10 years. The money would go for platform development, plants and battery capacity.</p><p>It&#39;s a huge number, but checks out. The world&#39;s top auto makers spend roughly $120 billion annually on plants and equipment. And auto makers already spend roughly 50% of their capital budgets on EVs. When adding in capital spending by battery makers, its easy to see how spending numbers can approach $100 billion a year.</p><p>That investing should yield benefits such as cheaper EVs that charge quicker. ARK has thoughts about all that.</p><p>Regarding charging, ARK predicts a driver will get about 200 miles of range in 4 minutes by 2027, down from about 200 miles of range in 15 minutes today. That 15-minute figure is based on the newest EVs and fastest direct current chargers.</p><p>In 2020, ARK projected that EVs would cost less than traditional cars by 2022. It didn&#39;t happen last year but it could happen in 2023. A Tesla (ticker: TSLA) Model 3 can be purchased for $44,000 before any government incentives. The average price of a new vehicle in the U.S. at the end of 2022 was about $50,000.</p><p>Putting it all together, ARK sees global EV production hitting 60 million units annually by 2027. That would be roughly 70% of total light vehicle production and is much faster adoption than almost everyone predicts.</p><p>California, one of the states with the highest EV adoption rates, forecasts 43% of the cars sold in the state will be zero emission by then. (That figure includes plug-in hybrid vehicles.) California believes EVs and plug-in hybrids will be 70% of light vehicle sales in the state by 2030.</p><p>ARK has backed off some of its earlier EV projections. In 2020, ARK projected 37 million EVs sold globally in 2024. Roughly 8 million all-electric cars were sold in 2022. The new numbers from ARK&#39;s imply 2024 EV sales will be roughly half its 2020 prediction.</p><p>Still, hitting 16 million or 17 million EVs sold around the world in a couple of years would be a huge win for the industry, Tesla and ARK.</p><p>ARK&#39;s tightly held beliefs have led to volatile performance. The <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 35% in 2019 and 153% in 2020. It dropped 23% in 2021 and 67% in 2022.</p><p>The Innovation ETF is up 28% year to date. The S&amp;P 500 and Nasdaq Composite are up about 6% and 10%, respectively.</p><p>Tesla is the largest holding in the ARK Innovation ETF and has been a top holding for years. Tesla stock hurt in 2022, dropping 65%. Tesla stock has helped in 2023. It is up 42% year to date.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Is More Bullish on EVs Than Almost Anyone</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Is More Bullish on EVs Than Almost Anyone\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-02 22:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cathie Wood is known for her convictions as an investor. And she&#39;s one of Tesla&#39;s biggest bulls, believing the future of personal transportation is all-electric.</p><p>Wednesday, Wood&#39;s firm, ARK Invest, released its 2023 Big Ideas report, the latest in a series of such annual reports. It covers a variety of big trends that guide ARK&#39;s investing including cryptocurrency, precision healthcare and electric vehicles.</p><p>EVs had a big year in 2022 with global unit sales growing about 62% year over year. Sales of gasoline powered cars and hybrid-electric vehicles declined by about 7%, according to ARK.</p><p>The shift to electric isn&#39;t new. Gasoline and hybrid sales have declined in four of the past five years, which is creating a dilemma for traditional auto makers: They are serving a shrinking market, a reason most car makers have pivoted toward EVs.</p><p>ARK believes the entire industry will accelerate vehicle electrification efforts and projects the industry will spend more than $1 trillion, cumulatively, on EV development over the coming 10 years. The money would go for platform development, plants and battery capacity.</p><p>It&#39;s a huge number, but checks out. The world&#39;s top auto makers spend roughly $120 billion annually on plants and equipment. And auto makers already spend roughly 50% of their capital budgets on EVs. When adding in capital spending by battery makers, its easy to see how spending numbers can approach $100 billion a year.</p><p>That investing should yield benefits such as cheaper EVs that charge quicker. ARK has thoughts about all that.</p><p>Regarding charging, ARK predicts a driver will get about 200 miles of range in 4 minutes by 2027, down from about 200 miles of range in 15 minutes today. That 15-minute figure is based on the newest EVs and fastest direct current chargers.</p><p>In 2020, ARK projected that EVs would cost less than traditional cars by 2022. It didn&#39;t happen last year but it could happen in 2023. A Tesla (ticker: TSLA) Model 3 can be purchased for $44,000 before any government incentives. The average price of a new vehicle in the U.S. at the end of 2022 was about $50,000.</p><p>Putting it all together, ARK sees global EV production hitting 60 million units annually by 2027. That would be roughly 70% of total light vehicle production and is much faster adoption than almost everyone predicts.</p><p>California, one of the states with the highest EV adoption rates, forecasts 43% of the cars sold in the state will be zero emission by then. (That figure includes plug-in hybrid vehicles.) California believes EVs and plug-in hybrids will be 70% of light vehicle sales in the state by 2030.</p><p>ARK has backed off some of its earlier EV projections. In 2020, ARK projected 37 million EVs sold globally in 2024. Roughly 8 million all-electric cars were sold in 2022. The new numbers from ARK&#39;s imply 2024 EV sales will be roughly half its 2020 prediction.</p><p>Still, hitting 16 million or 17 million EVs sold around the world in a couple of years would be a huge win for the industry, Tesla and ARK.</p><p>ARK&#39;s tightly held beliefs have led to volatile performance. The <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> (ARKK) rose 35% in 2019 and 153% in 2020. It dropped 23% in 2021 and 67% in 2022.</p><p>The Innovation ETF is up 28% year to date. The S&amp;P 500 and Nasdaq Composite are up about 6% and 10%, respectively.</p><p>Tesla is the largest holding in the ARK Innovation ETF and has been a top holding for years. Tesla stock hurt in 2022, dropping 65%. Tesla stock has helped in 2023. It is up 42% year to date.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0823411888.USD":"法巴消费创新基金 Cap","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4581":"高盛持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2063271972.USD":"富兰克林创新领域基金","BK4548":"巴美列捷福持仓","BK4534":"瑞士信贷持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0823414478.USD":"法巴经典能源转换基金","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4585":"ETF&股票定投概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4555":"新能源车","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4511":"特斯拉概念","BK4099":"汽车制造商","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","TSLA":"特斯拉","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4527":"明星科技股","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4550":"红杉资本持仓","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308406512","content_text":"Cathie Wood is known for her convictions as an investor. And she's one of Tesla's biggest bulls, believing the future of personal transportation is all-electric.Wednesday, Wood's firm, ARK Invest, released its 2023 Big Ideas report, the latest in a series of such annual reports. It covers a variety of big trends that guide ARK's investing including cryptocurrency, precision healthcare and electric vehicles.EVs had a big year in 2022 with global unit sales growing about 62% year over year. Sales of gasoline powered cars and hybrid-electric vehicles declined by about 7%, according to ARK.The shift to electric isn't new. Gasoline and hybrid sales have declined in four of the past five years, which is creating a dilemma for traditional auto makers: They are serving a shrinking market, a reason most car makers have pivoted toward EVs.ARK believes the entire industry will accelerate vehicle electrification efforts and projects the industry will spend more than $1 trillion, cumulatively, on EV development over the coming 10 years. The money would go for platform development, plants and battery capacity.It's a huge number, but checks out. The world's top auto makers spend roughly $120 billion annually on plants and equipment. And auto makers already spend roughly 50% of their capital budgets on EVs. When adding in capital spending by battery makers, its easy to see how spending numbers can approach $100 billion a year.That investing should yield benefits such as cheaper EVs that charge quicker. ARK has thoughts about all that.Regarding charging, ARK predicts a driver will get about 200 miles of range in 4 minutes by 2027, down from about 200 miles of range in 15 minutes today. That 15-minute figure is based on the newest EVs and fastest direct current chargers.In 2020, ARK projected that EVs would cost less than traditional cars by 2022. It didn't happen last year but it could happen in 2023. A Tesla (ticker: TSLA) Model 3 can be purchased for $44,000 before any government incentives. The average price of a new vehicle in the U.S. at the end of 2022 was about $50,000.Putting it all together, ARK sees global EV production hitting 60 million units annually by 2027. That would be roughly 70% of total light vehicle production and is much faster adoption than almost everyone predicts.California, one of the states with the highest EV adoption rates, forecasts 43% of the cars sold in the state will be zero emission by then. (That figure includes plug-in hybrid vehicles.) California believes EVs and plug-in hybrids will be 70% of light vehicle sales in the state by 2030.ARK has backed off some of its earlier EV projections. In 2020, ARK projected 37 million EVs sold globally in 2024. Roughly 8 million all-electric cars were sold in 2022. The new numbers from ARK's imply 2024 EV sales will be roughly half its 2020 prediction.Still, hitting 16 million or 17 million EVs sold around the world in a couple of years would be a huge win for the industry, Tesla and ARK.ARK's tightly held beliefs have led to volatile performance. The ARK Innovation ETF (ARKK) rose 35% in 2019 and 153% in 2020. It dropped 23% in 2021 and 67% in 2022.The Innovation ETF is up 28% year to date. The S&P 500 and Nasdaq Composite are up about 6% and 10%, respectively.Tesla is the largest holding in the ARK Innovation ETF and has been a top holding for years. Tesla stock hurt in 2022, dropping 65%. Tesla stock has helped in 2023. It is up 42% year to date.","news_type":1},"isVote":1,"tweetType":1,"viewCount":375,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955633274,"gmtCreate":1675381198598,"gmtModify":1676538997750,"author":{"id":"4109052217286120","authorId":"4109052217286120","name":"Dragonbody","avatar":"https://community-static.tradeup.com/news/8c619fa4bf1941f68f7764c4f6441991","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4109052217286120","authorIdStr":"4109052217286120"},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955633274","repostId":"2308304545","repostType":4,"repost":{"id":"2308304545","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1675336868,"share":"https://ttm.financial/m/news/2308304545?lang=&edition=fundamental","pubTime":"2023-02-02 19:21","market":"us","language":"en","title":"Sony Lifts Outlook Closer to Record Level, Raises PS5 Sales Target","url":"https://stock-news.laohu8.com/highlight/detail?id=2308304545","media":"Reuters","summary":"Japan's Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing ","content":"<html><head></head><body><p>Japan&#39;s Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing for its videogame division, and raised PlayStation 5 game console sales target by one million units to 19 million for the business year to March.</p><p>The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, would become president and chief operating officer from April 1, while retaining his current role.</p><p>Incumbent president Kenichiro Yoshida will remain as chairman and chief executive officer.</p><p>The company said it now expects operating profit for the year to March 31 to total 1.18 trillion yen ($9.17 billion), up 1.7 per cent from its previous forecast of 1.16 trillion yen.</p><p>That remains short of analysts&#39; average estimate of a 1.19 trillion yen profit, according to Refinitiv data, and just shy of a record profit of 1.2 trillion yen posted a year earlier.</p><p>Sony said sales of its PS5 consoles came to 7.1 million units in October-December quarter, which overlaps with the critical year-end shopping season, up sharply from 3.9 million units a year earlier.</p><p>&#34;Various steps we have been taking on both the hardware and software sides are steadily bearing fruit. I believe we are generating positive momentum to re-accelerate growth in our game operations,&#34; Totoki told a post-earnings briefing.</p><p>Sony last year struggled to produce enough PlayStation 5 units due to supply chain snarls.</p><p>Totoki said risks associated with supply chains have not been resolved yet, and the company boosted the game console production sharply in the October-December quarter so it can  safely meet demand in the current quarter.</p><p>($1 = 128.6800 yen)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sony Lifts Outlook Closer to Record Level, Raises PS5 Sales Target</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSony Lifts Outlook Closer to Record Level, Raises PS5 Sales Target\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2023-02-02 19:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Japan&#39;s Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing for its videogame division, and raised PlayStation 5 game console sales target by one million units to 19 million for the business year to March.</p><p>The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, would become president and chief operating officer from April 1, while retaining his current role.</p><p>Incumbent president Kenichiro Yoshida will remain as chairman and chief executive officer.</p><p>The company said it now expects operating profit for the year to March 31 to total 1.18 trillion yen ($9.17 billion), up 1.7 per cent from its previous forecast of 1.16 trillion yen.</p><p>That remains short of analysts&#39; average estimate of a 1.19 trillion yen profit, according to Refinitiv data, and just shy of a record profit of 1.2 trillion yen posted a year earlier.</p><p>Sony said sales of its PS5 consoles came to 7.1 million units in October-December quarter, which overlaps with the critical year-end shopping season, up sharply from 3.9 million units a year earlier.</p><p>&#34;Various steps we have been taking on both the hardware and software sides are steadily bearing fruit. I believe we are generating positive momentum to re-accelerate growth in our game operations,&#34; Totoki told a post-earnings briefing.</p><p>Sony last year struggled to produce enough PlayStation 5 units due to supply chain snarls.</p><p>Totoki said risks associated with supply chains have not been resolved yet, and the company boosted the game console production sharply in the October-December quarter so it can  safely meet demand in the current quarter.</p><p>($1 = 128.6800 yen)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SONY":"索尼"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308304545","content_text":"Japan's Sony Group Corp on Thursday edged up its annual profit forecast, helped by a strong showing for its videogame division, and raised PlayStation 5 game console sales target by one million units to 19 million for the business year to March.The electronics and entertainment giant also said its chief financial officer, Hiroki Totoki, would become president and chief operating officer from April 1, while retaining his current role.Incumbent president Kenichiro Yoshida will remain as chairman and chief executive officer.The company said it now expects operating profit for the year to March 31 to total 1.18 trillion yen ($9.17 billion), up 1.7 per cent from its previous forecast of 1.16 trillion yen.That remains short of analysts' average estimate of a 1.19 trillion yen profit, according to Refinitiv data, and just shy of a record profit of 1.2 trillion yen posted a year earlier.Sony said sales of its PS5 consoles came to 7.1 million units in October-December quarter, which overlaps with the critical year-end shopping season, up sharply from 3.9 million units a year earlier.\"Various steps we have been taking on both the hardware and software sides are steadily bearing fruit. I believe we are generating positive momentum to re-accelerate growth in our game operations,\" Totoki told a post-earnings briefing.Sony last year struggled to produce enough PlayStation 5 units due to supply chain snarls.Totoki said risks associated with supply chains have not been resolved yet, and the company boosted the game console production sharply in the October-December quarter so it can  safely meet demand in the current quarter.($1 = 128.6800 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