Top 5 Most Popular Consumer Electronics Brands

3. Sony Group Corporation (NYSE:SONY)

Total Score: 65

TTM Revenue: $88.30 billion

Sony Group Corporation (NYSE:SONY) is one of the global leaders in the consumer electronics industry. On April 12, the company reported a record-breaking annual operating revenue. The sales during the year were driven by the company’s chip division and the popularity of its flagship gaming console. Sony Group Corporation (NYSE:SONY) exceeded its own projections by selling 19.1 million PlayStation 5 consoles during the financial year, surpassing its initial forecast of 18 million units.

Here’s what Aristotle Capital Management, LLC, said about Sony Group Corporation (NYSE:SONY) in its Q3 2022 investor letter:

“Sony Group Corporation (NYSE:SONY), the global provider of video games and consoles, image sensors, and music, as well as movies, was a major detractor for the period. The share price of the company has struggled this year following its strong performance in 2021. Signs of a slowdown in the gaming industry (as people seem inclined to take on outdoor activities as pandemic fears have subsided), combined with sales of its PlayStation 5 that have been held up by a global parts shortage, have led to gaming‐related software sales falling more than 20% year‐over‐year. Rather than focusing on short‐term demand dislocations, we focus on the company’s ability to continue migrating videogame users toward the firm’s subscription offerings, as well as its capacity to leverage content across its video, music and gaming platforms. We are also impressed with the expansion of Sony’s Music segment, which has been supported by the pervasiveness of streaming services. Management’s ongoing work to improve the company’s TV and film studios is bearing fruit as well, with sales growing 67% year‐over‐year for its Pictures segment as its regional strategy has taken hold, including recent progress made toward solidifying a merger plan with India‐based Zee Entertainment. All of this is to say we remain excited by the oligopolistic nature of the businesses Sony operates in, and the future prospects for the company given its leadership in image sensors, music publishing and gaming consoles.”