Sony shares plunge 2.75 percent

Sony shares plunged 2.75 percent Tuesday after analysts raised questions about the upcoming release of Sony's much-anticipated PlayStation 3 video game console.

[bilal]

so biased mods for this site...

[Bhai]

Other than 2.75 perc. plunge, there is no new news, and PSP is selling better than ever. Even if all this goes on, exactly what it matters in the way of gamers having to have fun at 11th Nov. at all ?!

[DC RID3R]

so here goes!!!

who's been on the "oblivion" at drayton manor theme park recently???

hehehe

I LOVE YOU SONY

[super bill]

going down the pan sony.GOOD.

[TheMART]

"PlayStation 3 units on display at the Tokyo Game Show operated erratically and had to be repeatedly reset, according to a report released Monday by Macquarie Equities analyst David Gibson in Tokyo.

"While the reason for this is unknown, we suspect it may be due to overheating as a result of enclosing the units and the high temperatures at the venue," Gibson wrote.

"We are concerned that such a problem has occurred so close to full production and is clearly negative news for the company."
Investment firm Goldman Sachs Group Inc. lowered Sony's stock rating to "neutral" from "buy," citing confusion over the release of PlayStation 3 and concerns that disappointing sales of PlayStation Portable may weigh on its earnings in electronics operations more heavily than expected. "

Now DJ was saying only one game had problems on one unit, but this tells a whole other story people.

I wouldn't be so sure about getting a PS3 at the start actually if I read this

ps you call this no news bhai? I think it actually is. And biased mod? It's just news. Important news actually.

[Antan]

important news indeed, i think i`d wait to get one, same as when i got my 360. Initial batches of items always have some problem attached, i mean, i hope there isn`t a prob with the PS3 and heat, but we are not going to know EXACTLY, until its in the hands of gamers.

[TheMART]

Only a few differences. Read this line again:

"PlayStation 3 units on display at the Tokyo Game Show operated erratically and had to be repeatedly reset"

That wasn't the problem with 360 at launch. Not reported in this order when they were in demo's doing games. Ofcourse, there are problems on every launch, but the Sony prob's sound rather worrying.

They should have done the external power adapter maybe to reduce heat and more space to get the airflow going in the case...

[T-Rac]

Im sorry if you think im only posting biased news, but it seems that the only news coming out of the Sony HQ at the moment is bad news to be brutally honest.

[bilal]

i was just having some fun...
i know any news would eventually make its way to the site posted by mods or someone else

[TheMART]

"Sony's stock tumbled 130 yen (US$1.11; euro0.87), or 2.75 percent, to 4,600 yen (US$38.98) Tuesday in Tokyo."

I can remember their stock once was at 120 dollar or so, damn what has happened since then with Sony? Jees

[calderra]

Kutaragi? No, seriously. They've been going financially downhill since he got in.

See also:
-UMD format.
-PSP launch massacre. (Dead pixels, offset X buttons, bad sticks- I was working at a game store at the time. We probably had to take back 1 in 5 units... and that's only people who came back to us).
-Playstation Media Center Console, aka PSX (Nobody remembers that PSX was actually a seperate console because Sony was so successful in having people bury this one after it failed).

Kutaragi's reign has NOT been a good one for the company. Other than PS2, basically nothing he's piloted has been successful.

[kmis87]

How about the psone and ps2? Weren't those the two most successful videogame consoles in history or am I somehow terribly mistaken?

When was the company's stock at $120. I don't remember it being higher than $60 since 2002, and its been on the rise, essentially, since mid 2003.

[HaHa]

oops ahahah

[FeralPhoenix]

Yeah, I've been saying that Ken is bad for Sony for along time....yes he did some good things for Sony years ago, but I don't think its an overstatement to say that he let success go to his head and developed a arrogant attitude in recent years. Playstation is a great brand, and honestly its only videogames we're talking about here, but its still a business so you can never lose sight of the need to please your target fanbase, not hardcore PS3 fans -because they are going to support you no matter what, I'm talking about your "BASE", thats the fans between the hardcore loyalist and those casual gamers that brought your console last gen that are not neccessarily inclined/want to buy your next gen console = on the fence type of gamers. Either way I think Sony will rebound and get things headed in the right direction....in my opinion the key to doing this is just to start giving the public more details into exactly what they are doing and most of all show off their games, get some of those launch titles finished, get the kiosks in stores and let the average joe see the "GAMES" in action on actual PS3's with a controller in hand. I believe they have already started putting them in stores in Japan, but they need to get a bunch of them in the states too, quick....I think that will help, we'll see?

[PS360WII]

Saying it's not just tells us it's news you don't want to hear. Stocks are accually important part of buisnesses so any change in them good or bad are part of the overall picture.

[Marty8370]

Sony spokeswoman Nanako Kato said any problems at the Tokyo Game Show, where Sony, Microsoft and Nintendo showed off rival offerings under the same roof, were likely caused by one-of-a-kind temperature irregularities.

About 200 PlayStation 3 units were clustered together in close proximity and housed in kiosks that concentrated the heat generated by their processors and provided poor ventilation, Kato said. Overheating under such circumstances is a common affliction at trade shows, afflicting not just Sony products but those of its competitors, she said.

“It's not a problem with the PlayStation 3 unit itself,” Ms. Kato said. “For a normal player at home, there shouldn't be any problem.”

Sony is sticking to its plans to ship 2-million PlayStation 3 units by year's end and 6-million by March 31, 2007, she said.

[OC_MurphysLaw]

Or do some of the Sony PR people remind you of the Iraqi embassador to the US back in the first weeks of the Iraq/US war where he kept coming out and stating how Iraq was winning the war and the US was retreating when infact CNN was showing clips of the US troops moving in on their capital? It's just kinda funny to listen to them constantly spinning the PR wheel.

Before you bash... I will say this. I do think the PS3 is going to be a good game console. It may not be my 1st choice, but I certainly think it will be good and play some great games.

I just get a kick out of Sony of late. Just pretty comical stuff.

[kmis87]

Oh, you mean Baghdad Bob. Yep, he was quite the comedic figure.

[FeralPhoenix]

I actually don't expect PS3's to have "overheating" problems at launch, simply because they have had ample time to work out any issues in that area, and given the fact that 360 had problems in this area at launch, I'm sure Sony went back double checked anything that could cause any heating problems, like any smart company would do; just make damm sure they don't repeat their competitors mistakes......remember its the things that you don't think about that bites you in the butt. I think its safe to say that the PS3 will have at least a few minor launch issues, I highly doubt it will be overheating or anything too severe given how long they've had to work everything out. M$ did a great job, it wasn't rushed at all, it will be a great next gen console for the next 5-6 yrs, but of course if you produce a complicated product in a shorter period of time than your competitor its logical you will have a few more "bugs/problems" at launch, than the one who's had a whole yr to fix anything thats wrong with theirs....so in theory I expect Sony to have less issues, than M$, but then again Blu-ray is a wild card which may or may not produce more bugs.