Sony stock up 11% thanks to new mobile announces

By Brenna Hillier
19 March 2013 04:31 GMT

Just a little blip for you: Sony’s stock has risen 11% after being upgraded by Japanese analyst Daiwa. Unfortunately, it has nothing to do with games, with Reuters reporting that Sony’s recently announced line of Xperia Android phones have proved seductive enough to convince investors that Sony Mobile might finally get its act together. Still, broad corporate health means less reason for Sony to consider cost-cutting in the PlayStation division, so it’s good news.

Thanks, monu-mental.

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