Will Strong PlayStation 5 Sales Send Sony Stock Higher?

John Ballard, The Motley Fool
·6-min read
Will Strong PlayStation 5 Sales Send Sony Stock Higher?

Demand for Sony's (NYSE: SNE) PlayStation 5 and Microsoft's (NASDAQ: MSFT) Xbox Series X has been extremely high following their launches earlier this month. With Sony's stock price currently sitting at a new high, investors might be wondering if it's a buy at these levels. On Nov. 25, Sony's official PlayStation account issued a statement on Twitter, stating that the demand for PlayStation 5 (PS5) has been "unprecedented."