Sony Group Corp ADR
SONY: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$698.00 | Mdn | Vdpjnrrsx |
Solid Consumer Electronics Sales Cover Stagnant Image Sensor Sales
Business Strategy and Outlook
As technologies and consumer preferences change quickly, it is generally difficult for consumer electronic companies to build up an economic moat that generates sustainable excess returns on capital. The replacement cycle of digital appliances is usually three to six years, but as most products are commoditized, it is hard for manufacturers to build an ecosystem that prevents customers from moving to different manufacturers.