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Sony stocks rise following today’s announcements

Wednesday, 22nd May 2013 01:11 GMT By Naren Hooson

Although perhaps somewhat overshadowed by the Xbox One announcement, Sony’s PS4 presentation combined with the response to the Xbox One has sent Sony’s share price up.

The stock price had fallen 1.23% before the presentation but then rose 2.42% in after hours trading when Games Industry reported. The stock continues to rise, now increased by 9.25% in total, courtesy of IGN and is definitely one to be watching for all the day traders.

The backlash to the Xbox One announcement is sure to have a significant impact on the continuing rise of Sony’s stock as well, due to some of the consoles unfavourable restrictions.

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24 Comments

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  1. mojo

    ” unfavourable restrictions”??

    its a downrite offensive act against the consumer!

    #1 1 year ago
  2. Beta

    http://uk.ign.com/articles/2013/05/21/sony-stock-up-nine-percent-after-xbox-one-reveal

    I won’t pretend to understand the stock market but I thought it rose 9% correct me if I’m wrong. :)

    #2 1 year ago
  3. Erthazus

    Well, obviously because that “Fantastic” presentation proved that Sony’s Betamax player design was future proof.

    and remember that excellent lineup on stage? I don’t. With Halo series announcement? torrent sites, can’t wait a-a-aand Next Gen DudeBro engine for Call Of duty with tesselated dog but shitty last gen environment straight from Xbox 360 CoD games? Faptastic guys.

    Next Gen right here in 2013 with kinect in each box that makes 1080p photos of you when you are naked in front of your TV.

    #3 1 year ago
  4. Tech-N9ne

    LOL, VG247 as usual with fanboy bait articles.

    Sony shares rose an hour before the Xbox announcement based one something totally different.

    http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

    #4 1 year ago
  5. Naren Hooson

    True, will update now. Cheers!

    #5 1 year ago
  6. ps3fanboy

    after that mickey$oft focus was more on tvbox than a gaming console. its no strange people at stock marked jumped ship. its a smart move if your an investor if you ask me. this also gives a strong signal that the ps4 won this gen.

    #6 1 year ago
  7. Beta

    @5 No problem :)

    #7 1 year ago
  8. Lord Gremlin

    Well, honestly after Windows 8 I’ve expected this. Huge company and nobody important ever said “hey, this shit will not sell, people just all go eww fuck off and run to competitors”.

    I’ve expected it to be bad. Yes, less powerful than PS4, no good exclusives and shitty interface. But it turned out completely disastrous. As in, nobody SANE will buy it.
    I mean, with Win 8 if you’re kind of this weird guy who’s crazed about touchscreens and want them on PC and don’t give a damn about OS usability… But this xbox is just asinine on EVERY level.
    FFS it even looks ugly.

    #8 1 year ago
  9. jmg24bad

    I wont lie. Microsoft botched the reveal of the console. But… E3 will better for them . As well as ninty And Sony.

    #9 1 year ago
  10. lookingglass

    Today’s forum-going “gamer” is a horribly unintelligent and shortsighted creature. Sony and the PS4 will not create a gamer out of your average consumer. It will sell to people who are already gamers, the market will not increase, and the games industry will continue to struggle because of it.

    If Microsoft succeeds at hitting the mass market with its entertainment package, it WILL create more gamers. It will grow the industry. Some people will buy it for the entertainment aspect and one day they’ll likely try a game. The games industry is nothing compared to the movie or music industries, but the path Microsoft is taking could get it there. If they do we all win, even Sony fanboys.

    And VG, for the blatant fanboyism and intentional disinformation, you should be ashamed.

    #10 1 year ago
  11. LordSkyline

    @10
    That maybe true for the US, but for the rest of the world the TV stuff and all that doesn’t matter since it won’t be available at launch and god knows how long after. With the PS3 as a BR player as well as all those other cheapish (actual) BR players and current gen having all the other things one would need (Netflix, other video on demand stuff) the One is extremely uninteresting. (Let’s NVM some of the other sheer stupid decisions M$ made with it)

    This is why they will still need to shine with gaming, cause here is a Newsflash, the US market isn’t as big as the rest combined, and if M$ can’t make friends in all the other markets, well it won’t look well for em.

    And Coregamers are mostly highly dissatisfied with what they saw today.

    Even many Indiedevs that were in attendance have said they don’t have positive feelings towards it for now (and that is mildly put in some cases) cause they weren’t even worth a 2-3 Minute topic, while platforms like Steam (PCs in general) and from the sound of it the PS4 offer easy access (and cheap) Publishing for them, M$ will also have to make points good here cause at this rate XBLA isn’t gona be able to compete. (Let’s not forget that the Indiemarket grew quite large the last few years)

    We’ll have to wait for E3 the real show of hands will tell, until then it is all guessing anyway. And the guesses aren’t exactly positive for M$ right now.

    #11 1 year ago
  12. Dragon246

    I am confident xbox one announcement has little to do with Sony stocks, its most probably based on rumors of spinoff, which I hope doesn’t happen.
    Dan Loeb is concerned about increasing his own money, not Sony’s.

    #12 1 year ago
  13. AwesomeGus

    @8, I hate to be the one to tell you but the specs are virtually identical… Actually, that was kind of fun :)

    #13 1 year ago
  14. woe

    Fucking fail

    http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

    #14 1 year ago
  15. hitnrun

    Sony and Microsoft are huge tech conglomerates and the politics of the game divisions are a proverbial piss-ant on the proverbial melon-stalk of their respective stocks.

    But yeah, the Xbox announcement probably had something to do with this marginal movement.

    #15 1 year ago
  16. GwynbleiddiuM

    @10 You incredibly short sighted goone, the problem with the industry is exactly this, expanding into places they have no business venturing into. The Gaming industry should always be about gaming, people have cable for their entertainment needs.

    #16 1 year ago
  17. aprotosis

    @16 Speaking of short-sighted, who are you to say where the industry should or shouldn’t go? Back when the original consoles were introduced, people said that arcade games should stay in the arcades. Would you really be disappointed if you lived in a future where you can have one device that served all your media content, where you want, when you want – regardless of what said content is?

    What makes anyone think that MS, or any console company has forgotten about games is beyond me. It would be like saying McDonalds is going to stop selling burgers because they put fries on the menu.

    #17 1 year ago
  18. GwynbleiddiuM

    @17 Arcade games are still games, TV and other unrelated stuff to gaming has nothing to do with games. And people buy video game consoles to play videogames with.

    And no I don’t expect to have a device that does everything else, because I already have PC and that does all of that and more.

    It’s not about having more features than gaming, both 360 and PS3 had features like that, it’s good to provide your consumers with more services, that is not my point of objection. But primary use of a gaming device is gaming, what microsoft is doing is like what Samsung, Apple and HTC are doing in cellphone market. They sell smartphones whom their primary function is establishing communication but you can play games, watch movies, browse web, listen to music, read book, etc. It’s cool to play games on devices that their primary function isn’t gaming, for gamers. It’s exactly what is going on with Xbox One, it’s a glorified VCR that you can also game with. At least it was presented as such.

    Also, whether you like it or not, Smart TVs are going to dominate what Microsoft plans to do with Xbox One in near future.

    #18 1 year ago
  19. MegaGeek1

    @ 10

    I stopped reading this asinine post after “The games industry is nothing compared to the movie or music industries”.

    In 2011 video game sales were at a 5 year low with 17 Billion in revenue in the US alone. Sales peaked in 2008 at 25 Billion. In contrast the movie industry grossed only 10 Billion in 2008 – which was one of the highest grossing years in the businesses history.

    And the music industry? I’m not even going to bother doing the research. Any chimp with a Google can tell you its a mere fraction of those numbers.

    #19 1 year ago
  20. Clupula

    @10 – Looks like Major Nelson has started working overtime on his propaganda damage control checks.

    #20 1 year ago
  21. mistermogul

    “is definitely one to be watching for all the day traders.”

    I’m definitely not taking any trading advice from you if you think the Xbox Reveal was the cause of Sony’s stock rally.

    Videogame journo’s need to actually start investigating stories rather than just re-printing them second hand. It makes you look bad.

    #21 1 year ago
  22. ps3fanboy

    @10 lookingglass,

    you got your brain fried… what you describe is gamers worst nightmare. if that is the future i quit gaming for good.

    #22 1 year ago
  23. RocknRolla

    What did you all expect? M$ got unbelievably lucky in 2006 because sony had a higher price, letar release and ofcource a much better console for that, while every friend of mine had to send in his box RROD I have been playing PS3 without aany issues, just as I will will with PS4 :) this will be PS2 all over again mark my words, both xbox and COD are working together because they know they are both going down lol

    #23 1 year ago
  24. woe

    Sony stock right back down to where it was before the Xbox One announcement

    #24 1 year ago