Fri, May 11, 2012 | 13:39 BST

Sony shares drops to a 32 year low

Shares in Sony this morning have dropped as far as 7% this morning following the release of disappointing FY2011 results yesterday, indicating the company’s lowest share drop in 31 years. The lowest peak its gotten to is ¥1,110. Share price rallied back slightly to ¥1,135 at the close of the Nikkei this morning, a drop of 6.4%.

Thanks, GI International. [Image]

17 comments

#1

Gadzooks!
11/05/12, 12:01 pm

Positive spin in 3.. 2.. Go!

#2

OrbitMonkey
11/05/12, 12:31 pm

Gloating xbot in 3… 2… Oh! It’s already here…

:|

#3

Gadzooks!
11/05/12, 1:00 pm

Easy Tiger, look on the bright side: Very soon, when Sony die, you will be released from your thrall. You can leave the Sony guard post and can live a healthy balanced life.

Won’t that be nice? :)

#4

OlderGamer
11/05/12, 1:22 pm

If I were him Gad, I’d buy the new Nintendo system and a PC.

But I doubt Sony is going anywhere any time soon.

#5

Erthazus
11/05/12, 1:26 pm

and someone said in the VITA Post that “Sony is Doing fine”

Sony is not doing well and it’s a dangerous situation here. Sony is big and everything is not profitable and when everything is not doing very well…

Corporation die or someone buy it. End of story.

@3, except that he does not breath Sony like you breath Microsoft everytime in each article. Fanboy.

#6

daytripper
11/05/12, 1:28 pm

Can’t help but think about peoples jobs in all of this, I know there is some good people who work for them and it will sad if the worst comes to the worst. Maybe the PS4 could be the saving grace or the final nail? Hopefully it’s the saving grace as when they get it right, it’s excellence.

#7

Gadzooks!
11/05/12, 2:02 pm

If Sony can drop thier current tech obsession then they have a chance of recovering, but another PS3 will destroy them without any doubt.

If they go back to producing good games (Note: resolution does not make games good. 3D does not make games good. Pretty but narrow, static corridors do not make games good) that favor gameplay, AI and level design over cutscenes and postprocessing then hell, I might even buy in again. The PS2 was great because of the focus, not anything to do with the technology.

#6 is right though, there are many jobs at stake. I genuinely feel for them, but feel obliged (not to mention fully justified) to kick the bloated pustulent distortion of a once great company in the goolies at every possible opportunity because I believe that horrific misshapen ‘thing’ can be kicked back into shape.

#5 Stop with your sexy talk. I know you want me, bad, but I told you already that it just isnt going to happen.

#8

daytripper
11/05/12, 2:09 pm

When they do unveil the next home console I would prefer them to focus on the games, the online and benefits of upgrading to the next generation without all this cheesy “emotion engine” “OMG THE C3LL PROCESUR” PR fluff, some of their fans are irritating with this kind of horse shit aswell.

Show the actual games in real time, improve the online network and provide a enticing price point and they will do better than PS3 has at launch in my opinion.

#9

Christopher Jack
11/05/12, 2:10 pm

@7, Your bias opinion doesn’t make Sony’s games bad. Just because the likes of Uncharted are technical marvels, doesn’t mean they don’t have any soul. I mean, what has Microsoft done that makes them so worthy for you to exclude from your bitchfest? They have Halo, Forza, Fable & Gears under their belt, all largely considered generic. Then you have THEIR technical gimmick games such as those on Kinect, but you find it easier to pick on 3D & Move than shaking your arse at on screen camera?

#10

Ali Hayas
11/05/12, 2:12 pm

Software isn’t what will save em. Hardware is. Sony is a big company that kept growing on hardware sales, it is what brought em up and most likel what would bring em down have then not wake up. They have been hit before and their reply was the Vita. A handheld system released to a falling market and a history of a major epic fail before it (PSP-Go) and yet people keep bragging about how they trust Sony.

#11

OrbitMonkey
11/05/12, 2:28 pm

@3, If Sony DID die, I’d have a 360 before the 1st ex-sony staffer cleared their desk. Unlike your good self I’m not obsessed with them.

#12

Gadzooks!
11/05/12, 2:30 pm

#9

Its a discussion on Sonys fortunes, hence the Sony focus. Sorry, I didnt mean to make you cry. Kiss and make up? I do pretty good kisses…

#13

Gadzooks!
11/05/12, 2:35 pm

#11

Thats a lovely story. I do enjoy a happy ending.

Do you want kisses too?

#14

OrbitMonkey
11/05/12, 2:44 pm

@13, No thank you, I heard Bill Gates cock tastes funny :-S

P.s. And I heard that off your moma!!

:-P

#15

manamana
11/05/12, 2:54 pm

Sony isn’t going anywhere. And I really don’t believe that hardware saves their asses. Hardware will always boil down to a cost factor. They need to focus on innovation, like they once did, instead of mimicking everything thats out there. The Vita is a good step into creating new experiences on the go but it will take a while, until you have some real gems aka. systemseller. But the lack of innovation is what is doing no good.

#16

Gadzooks!
11/05/12, 3:00 pm

#14

My moma’s dead* so she tastes more like Job’s knob than Billy’s willy at the moment.

Too soon?

*She’s not dead.

#17

2EX08
11/05/12, 5:51 pm

Possible worst case scenario: Sony shuts down their American division.
I can’t see how Sony would die in Japan or Europe.

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