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Submitted by SactoGamer 921d ago | news

Microsoft stock falls, Sony rises from Xbox One reveal

N10: Late Tuesday morning, Microsoft unveiled its much-anticipated replacement for the aging Xbox 360 video game console. Called Xbox One, the device was demonstrated as an all-in-one home entertainment hub that ties gaming, television and movie viewing, and communications all into one device. For the most part, gamers seemed excited by the news. Investors, however, don't seem so optimistic. (Gaming, Industry, Microsoft, Nintendo, Sony)

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fatstarr  +   921d ago
the sony stock picture rise the second one was revealed was funny as shit.


Microsoft saw everything that was wrong and had a chance to change and be different but they chose this route.
SynGamer  +   920d ago
Pretty much my thoughts exactly. Last I checked these were GAMING consoles. Other features are nice and all, but I'm in this for the games, not cable/TV.
Gondee  +   921d ago
Its just speculation, you wont know how good it is until you touch it yourself.
3-4-5  +   921d ago
So they lied to us at their own conference reveal ?

I don't think so ?
SilentNegotiator  +   920d ago
It will have the most insane DRM of any console ever. I don't need to cop a feel to know how good that is.
KwietStorm  +   920d ago
Dasteru  +   920d ago
So gamers don't want it, devs don't want it, and now it seems investors don't want it either.

Time for M$ to rethink some things.
ChrisW  +   920d ago
Google search "Sony stocks fall PS4" and you'll find that Sony's stocks also fell right after the PS4 announcement. So, this isn't much different... except Sony's stocks rose a bit post XboxOne's announcement. And?!?
SynGamer  +   920d ago
Sony's stock rose almost 10%(!) after Microsoft revealed the Xbox One. That's a rather substantial gain in roughly 1 day.
ChrisW  +   920d ago
I'm quite certain I stated that... Hmmm... let's see here... YUP! Here it is!

"except Sony's stocks rose a bit post XboxOne's announcement"
SynGamer  +   920d ago said "a bit", which usually indicates not a huge or substantial increase. Calm yo self. I was merely making sure the understanding was that Sony's stock rose almost 10%.
Anon1974  +   920d ago
In Japan, Sony's stock took a dip of about 1.7% on the day of the reveal, at a time when the entire Japanese market was pulling back dramatically. Sony's stock price that day looks like nothing else than normal market fluctuations and since then the stock has been on a steady climb. It's hard to believe anyone could have made a big deal about not even a 2% dip on a day the markets got clobbered.

The jump during the MS reveal was something else entirely. Look at the chart. Sony stock had flatlined all morning and then, at the exact moment of the Xbox One reveal, it surged up almost 10% to set a new 52 week high in minutes. Some news outlets said this was due to a rumour that had been floating around since the prior week, but when you look at the timing of it, it's clear as day what happened.
Loki86  +   920d ago
The reason their stock rose was because of a potential investor with a purposed split, not because of the reveal, stupid uninformed news articles.

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