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Sony Shares Slide on Rating Cut, Doubt on PS3

Shares in Sony Corp. fell more than 3 percent by early afternoon on Thursday after a Japanese brokerage cut its rating on the electronics maker and its shipment target for the upcoming PlayStation 3 game console.

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today.reuters.co.uk
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Captain Tuttle3898d ago (Edited 3898d ago )

Bigger than any screenshots from a PS3 fansite. It's one thing for your stock to go down but to have it downgraded, ouch. Not good for Sony. The PS3 can be the most incredible machine ever conceived but if the business model behind it is poor, it may fail.

DC RID3R3898d ago

it's been nice knowin ya sony!!!!DONT WORRY MS IS ERE NOW!!!!!!

The stock holders have ALL thought to themselves, YO!! when did we make that 3ft midget our president!?!?!?!WTF!?!?!?!

END OF THE LINE

hehehe

Islandkiwi3898d ago

And what I mean by that is that they're not infatuated with a product, they're looking at the business model. Being downgraded just prior to your release is probably not a good sign.

Specifically noting the difficulty Sony is having in getting certain components (deja vu, deja vu!.

THAMMER13898d ago (Edited 3898d ago )

Its sad to see that most Sony die-hard fans do not even understand what this means. If Sony shareholders are not happy but gamers are who do you think has more control. It is not the little kid gamers or grown @ss fan boys its shareholders. Because true traders understand the market better than 99% of this site. I do not want to look like I hate Sony I just cant believe that the majority market holders (Sony) is looking do bad right now. I ask people to look out side of what you love or are a fan of and see the real issue. It is nor the 360 although the 360 is the PS3 comp. It is the Sony execs that doing this. Shareholders want the money to work for them and Sony will have to use the shareholders investments to operate with success. If shareholder pull out Sony has to rely on profits but their profits are not matching the losses and this is not good. Can any one say "SEGA!!!”? The best thing that could happen in the next 3 years is more fan boys become shareholders. So all of you fan boys should take $45.00 and buy a share if you want this downward spiral to stop. Ask your parent 1st O.K. LOL

Daewoodrow3898d ago (Edited 3898d ago )

Now now, let's not get rash. I'm sure it's perfectly normal for share holders to s**t their pants three months before a console launch.

THAMMER13898d ago (Edited 3898d ago )

Shareholders are the backbone of companies like Sony. You my be thinking of situations where two company merge and shareholders sell to recoup. This is not the case hear.

Daewoodrow3898d ago

Don't worry, I know. I was just taking the piss.

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