VR Tech Stocks to Buy: Sony (SNE)
Sony Corporation (NYSE:SNE) is the logical leader making VR mainstream. It’s the PlayStation VR is outpacing sales of Oculus Rift. Sony revealed it already sold 915,000 units of the PSVR. Supply constraints are limiting sales.
Sony’s massive user base in the gaming market, through the PlayStation console, makes it easy for the company to establish adoption for its VR headset.
At a 16.2 times forward P/E, Sony’s stock is still not overvalued. Continued demand for its PlayStation and a higher output of PSVR just might send it share price even higher.