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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Hah! Looks like people figured out the ps4(better hardware specs, more exclusives, less emphasis on motion gimmicks, and free online) is better than the xbox one.
Because people went: "Oh ***, this sucks" and decided to go with the better system.
No doubt. They showed virtually nothing about the new system that was of any interest and Sony brought it all out.
I have a feeling microsoft will lose a lot of their customers to playstation because of xbox one!
I didn't even think about this. My dad is retired but still actively trades all the time and back in February before Sony's conference he called and asked me to explain a bit about the industry and asked if I knew anything about the upcoming consoles. I told him some of the rumors that were going around, specifically those that were really persistent. I wonder if he has made any money as a result of the announcements from Sony and/or Microsoft.
Guys you tend to forget something essential, during the press conference there was a confirmation that the xbox one has a bluray player, its a proprietary technology owned by Sony witch means Sony makes some amount of money for every xbox one sold, that is the reason for the stock value increase.
I don't know if this has been stated yet, but the addition of Blu Ray technology to Xbox would be a strong reason for an increase to Sony's stock value seeing as how it is a technology developed by Sony and therefore for every Xbox sold Microsoft will owe royalties to Sony.