120°
Submitted by sigfredod 157d ago | news

Tech stocks: Sony shares rise with PS4 launch looming

Shares of Sony have jumped nearly 3% in pre-market trading Tuesday, as the electronics giant gets ready to launch its long-awaited PlayStation 4 video game console. (PS4, Sony)

Destrania  +   157d ago
This kind of seems like a new beginning for Sony. Rise!
decrypt  +   157d ago
Well shares of pretty much every company are rising, but thats not because of good economy or fundamentals.

Its more to do with the Federal Reserve devaluing the USD and printing 85billion of them to prop up a phony economy. Which is causing newer highs in equities.

This is a bubble and will eventually collapse leading us to a depression that will make 2008 look like a sunday picnic.

People need to wake up and do some research.
#1.1 (Edited 157d ago ) | Agree(7) | Disagree(14) | Report | Reply
adorie  +   157d ago
I'd like some of the disagrees to state why they disagree? That is exactly what is happening.

But, that aside, Sony stock is probably riding a momentum of the launch of a new product (ps4)
#1.1.1 (Edited 157d ago ) | Agree(4) | Disagree(1) | Report
Monolith   157d ago | Trolling | show
torchic  +   157d ago
@adorie

decypt is a known troll, even if the PS4 sold like a gazillion units in one day and cured cancer and reversed global warming while PCs became obselete he'd still somehow spin to make it seem like the PS4 is a bad console and it's in trouble from PC gaming.

haven't checked the news yet, but when I do I'll come back and click agree/disagree (Sony stock IS probably on the up because of PS4 so expect a disagree)
BarneyS  +   157d ago
@torchic

Maybe he's trolling, and in this case i do believe that stocks are going up because of the PS4 launch.
But, it is true that the Federal reserve is pumping $85 billion a month(!) into the US economy. Yesterday i read that stock value has doubled since 2008, that didn't happen because of healthy sustainable economic growth...
decrypt  +   157d ago
@torchic

Unfortunately Speaking the truth on N4G = to being a troll (basically anything against Sony) lol.

Why do you think Sonys shares should go up at the release of the PS4?

Its not like PS4 will be profitable for some time to come. Hell even the most popular Sony console ever released PS2 was in a loss for the first 2 years.

PS3 was in a loss at least 4-5 years into its life time.

Hence how does the PS4 coming in change any financial fundamentals for Sony. Infact PS4 will just be a burden until the point it has a reasonable base. Sony knows this and the investors know this. PS3 will be a cash cow. PS4 will be sold at a loss and will likely start becoming a cash cow 2-3 years into its life.

Stocks for pretty much every company are going up not just Sony. Thank the Federal Reserve. Lol i wouldnt be surprised when the next Fed chairman comes in by march 2014 they up the size of their program which is currently at 85 billion usd, which will further infalate the bubble. Stocks will carry on going up, however that is not a true indicator of company performance or confidence any longer. Sorry you can thank the Fed for distorting the markets.
#1.1.5 (Edited 157d ago ) | Agree(1) | Disagree(2) | Report
sigfredod  +   157d ago
The winds of change
Inception  +   157d ago
ZBlacktt  +   157d ago
They about to move 1.5 million units.
yellowgerbil  +   157d ago
I would say at least 2 maybe even over 3. In a article yesterday there was moment where they hinted that they may have over 3million preorders.
paraphased
Q You forecast 3mil sold by years end is that feasible
A that hurdle has been cleared

even if they only have 1.5 mil preorders I am betting there is going to be at least a .5 mil on store shelves too
JimmyLmao  +   157d ago
and they are selling the PS4 at a slight profit in most countries other than USA
RPG_Lover  +   157d ago
Means nothing, they all do, and then they fall
DCfan   157d ago | Trolling | show | Replies(2)
MASTER_RAIDEN  +   157d ago
good to hear. i know this is mostly a temp thing but hey if the ps4 remains a success throughout (and they're off to a very good start), let the good times roll man.
jackanderson1985  +   157d ago
it's probably more to do with the fact their Q2 report got released last night and it's better results than last year
#5 (Edited 157d ago ) | Agree(1) | Disagree(3) | Report | Reply
chrissx   157d ago | Trolling | show

Add comment

You need to be registered to add comments. Register here or login
Remember
New stories
10°

Origin Spring Sale Discounts Epic Titles

2m ago - EA is hosting a sale on their Origin servicing, discounting games such as Titanfall and Battlefie... | PC
20°

Infinity Wars Review - Mouse n Joypad

1h ago - Gale Writes - "I have to admit that I installed Infinity Wars without expecting too much of it. W... | PC
40°

GertLushGaming Presents Our Family Guy: The Quest For Stuff Review

1h ago - After another epic battle with the giant chicken, Peter Griffin has accidentally destroyed Quahog... | iPhone
30°

Treasures of Montezuma: Arena Is Coming To PlayStation Vita

1h ago - Coming as a downloadable free-to-play title featuring three all-new game modes. | PS Vita
Ad

Filmwatch April Contests

Now - Calling all Marvel fans. Come celebrate the release of Captain America: The Winter Soldier with us as we give away a cool prize for fans of Cap plu... | Promoted post
30°

Why It Could Be Game Over For Video Game Stocks

1h ago - Are video game stocks about to power down? Between a closely watched measure of sales, and a bear... | Culture