The lights are on
Microsoft's Xbox One reveal event coincided with a dramatic jump in Sony's stock price.
Sony's stock leapt up to $22.55 from when the Microsoft event started at 1pm Pacific time, a significant jump from the $20.94 it was at noon Pacific.
Microsoft's stock price, on the other hand, barely moved from the beginning to the end of the event, opening at $34.99 and closing at $35.02.
A lot of factors play into stock pricing, of course, but it's difficult to ignore the remarkable spike in Sony's value that took place during Microsoft's event.
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Wow. I didn't expect that to happen, lol.
Hmmm not much shown, but still more excited for Xbox one compared to PS4.
and this stock thing really only shows that sony as a company is weaker compared to microsoft $22.55 vs $34.99 so who cares.
It was a VERY underwhelming unveilment. So I can see why.
Game Informer is being far too dramatic about this. Sony US depositories (SNE:US) climbed 63 basis points to nearly $21 USD. Sony's stocks have been flat today until the event. If anything, this tells me investors are betting big on both companies as they struggle with mobile devices. Microsoft's plunge is within the usual norm. Any real market mover will become apparent with the passage of days. Let's wait until E3.
What now MS fanboys?
I would invest in Sony as well after Microsoft messed up by not making the new Xbox one backwards compatiable. You screwed us Microsoft.
PS4 time bitches
Econ 101 PWNED.
I not a fanboy of any console but after that weak a$$ Microsoft event I can see why Sony fanboy are happy as hell.
How interesting. Sony actually got something out of the Xbox event. Interesting times to be a gamer.
i'm thinking about the PS4 after the reveal
Hahahahaha. Love it.