280°

Sony stock jumps following PS4 announcement

While Sony's share price was in decline ahead of yesterday's PlayStation Meeting announcement, the reveal of its new hardware prompted a 2.4 per cent rise during after-hours trading.

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edge-online.com
majiebeast4471d ago (Edited 4471d ago )

Ps4 hype even Chad Daddy Warden came back for it!

http://www.youtube.com/watc...

On topic

Other article debunked.

TrevorPhillips4471d ago

right....Anywho, PS4 looks astonishing, can't wait to pick it up :)

morganfell4471d ago

I am going to start looking today for anywhere I can reserve for launch. Some places do offer a waiting list prior to actual reservation announcements. Whatever they bring as top of the line I'm there regardless of price.

JoGam4471d ago (Edited 4471d ago )

@ Morgan, On Amazon you can sign up to have them let u know when pre orders start. I just pre ordered Watch Dogs PS4. Ignor the price of $99, its just the holding price.

LightofDarkness4471d ago

Sometimes, it's good to know the manager of a toy store ;)

... wait, it's always good to know that guy!

JsonHenry4471d ago

Of course it jumped. They moved to a developer friendly architecture FINALLY. The CELL caused so much trouble (at the start of the console's life) that they knew they couldn't go for such an exotic design again. They went x86 with standard PC parts and an 8gig unified memory setup.

Given the fact they learned their lesson and decided to make a console that is dev friendly is good news for investors because they know the dev teams will be jumping on board in droves this next generation.

At this point it looks as if the PS3 will certainly have a lead over the other consoles in terms of power unless the GPU in the xbox is a lot more powerful than the rumors suggest.

One other thing to keep in mind is that Sony's 8 core CPU is actually an AMD APU. Which means the CPU actually has a DX11.1 video card on the chip as well as a dedicated GPU. That is kind of a big deal in of itself. Crossfire is awesome on PCs and I can only imagine how well this will work on the PS4.

I may switch from xbox to Sony this generation. And this is coming from a guy with the exception of the Uncharted sries hasn't touched his PS3 to do anything other than play Blu-ray movies since I bought it.

nukeitall4471d ago (Edited 4471d ago )

The "jump" likely has nothing to do with the announcement, and more to do with natural movement in stock market.

On any given day, the stock might deviate as much as 5%. Therefore that isn't a jump! In fact, right now in pre-market the stock is down 0.5%. Is that a jump down?

I doubt any significant amount of people invest into Sony because of the Playstation. That is because the Playstation business overall makes little difference compared to the rest of the company. If the division profits (see last quarter where they only made $6 million), it contributes very little and if it loses it makes the company look far worse.

Going forward, Sony is expected to loose significant amount of money as an investment into the Playstation business.

Furthermore, very little is discussed regarding the actual business itself, like profit projection, costs, strategy and so on. "Real" investors know, it is more about the execution and facts than "claims".

If you actually look at this, this could actually be bad news for BOTH Sony and MS going with a x86 architecture. It actually shifts the cost in favor of supporting PC as before it was an additional cost to port it back to PC from console. Now it is the opposite, you target PC and port it to console.

If you (the reader) disagree, I would like to know why!

JsonHenry4471d ago

I see it as a boon for both MS and Sony that they are going x86.

Easier to develop for, most devs have deep knowledge of the x86 architecture already, and easier to develop multi-plat games because they all share the same basic underlying hardware.

Less R&D+more platforms=greater chance to make more money. This could be a renaissance for gaming as a whole by making the entire current market easier, cheaper, and more accessible to develop for for this first time in decades.

Anyway, you (Nukeitall) are certainly right about investors needing to know more than just promises. But the overall positive reaction from around the world regarding the press conference and the (promised) system specs certainly has to be good news for investors.

LightofDarkness4471d ago

Json: I imagine that onboard APU is there to stream/playback HD video without using the GPU, thus being more energy efficient while not gaming.

Statix4471d ago (Edited 4471d ago )

It seems to me that people and companies alike have an over-obsession with stock prices. I think it's a fundamental flaw in the structure of our economy if companies are this obsessed and reliant upon share prices--i.e., "pleasing" the shareholders. Stock value should not be the primary concern of a company--profitability and long-term stability should be. But that's just my opinion.

Facebook was on top of the world, viewed as one of the hugest homerun successes in the past decade, prior to going public. All of a sudden, when it became a publicly traded company, and the share prices were shown to be lackluster, there became this perception that Facebook was over-the-hill, or in some ways a failure. Anyone else see the failure in this logic by the financial community and general public?

nukeitall4471d ago (Edited 4471d ago )

"Facebook was on top of the world, viewed as one of the hugest homerun successes in the past decade, prior to going public. All of a sudden, when it became a publicly traded company, and the share prices were shown to be lackluster, there became this perception that Facebook was over-the-hill, or in some ways a failure."

It wasn't that Facebook was over the hill, it that it's financial fundamentals don't necessary measure up to it's valued stock price.

FB's growth isn't where it should be to warrant that price and hence it's taking a beating.

Basically, FB debut as a public company long after it had grown too much. FB was made public for existing stockholders to unlock their value, not because the company needed cash to grow like many other companies do which is how you usually "invest" into the company.

"Stock value should not be the primary concern of a company--profitability and long-term stability should be."

Good companies with good management do that such as Costco and McDonalds. Slow steady growth.

However, sometimes it is just market dynamics that even the company itself can't control. See Netflix.

Statix4471d ago (Edited 4471d ago )

In some ways, you're making my point. You say that Facebook's "growth" hasn't been fast enough, hence falling stock values. My argument is that it's a flawed philosophy to begin with to always be seeking the fastest possible growth to inflate stock prices in the short term. It seems to me that the success of economies or companies predicated on constant "bubbles" or spurts of greater and greater profitability--all in order to please shareholders--is a doomed endeavor. Because no company in the world will ever keep up those rates of growth. It's simply not possible. There's an upper-limit, a ceiling, to how much profit growth that each and every company is ultimately capable of. Once they hit that ceiling, the only other direction is downward. Apple, as an example, is very much on that track.

Hence, why I think more companies are, and should be, staying private.

"Good companies with good management do that such as Costco and McDonalds. Slow steady growth. [...] However, sometimes it is just market dynamics that even the company itself can't control. See Netflix"

By your statement that Netflix as a company is susceptible to market dynamics beyond their control, are you saying that the stock market is a good thing or a bad thing for them?

nukeitall4471d ago

"My argument is that it's a flawed philosophy to begin with to always be seeking the fastest possible growth to inflate stock prices in the short term."

It is flawed, and isn't how the system is technically intended. It comes from how efficient and easy it is to trade now, that one can manipulate the system and either use unwitting investors or prey on those that like to gamble.

I'm not saying it isn't, but I'm also saying not all stocks are like that. It's just that technology companies has a history of exceedingly fast growth, and therefore there is this pre-built expectation.

You wouldn't talk about this with other industries, like auto, home builders and so on. This is a technology company phenomenon.

"It seems to me that the success of economies or companies predicated on constant "bubbles" or spurts of greater and greater profitability--all in order to please shareholders--is a doomed endeavor."

It isn't doomed, because technically there isn't really an upper limit to profits. Problem is most companies are unable to diversify themselves and be successful, but new companies are constantly testing that limit.

In addition,these bubbles is also how the system corrects itself from speculators instead of real investors.

"Hence, why I think more companies are, and should be, staying private."

The thing is, most large companies (alas FB for example) cannot unlock their value to their shareholders as a private company. Let say you are an employee with x amount of stock options, who will buy it from you?

The only way, is if you sold it on the open market or at best a profit sharing scheme, but that is rather complex and would make it extremely hard to sell your share in a company. What if you don't believe in the company anymore? How are you going to unload it?

Being private isn't the solution and the real solution is proper education of the general public about economy, business and finances. So that the public doesn't speculate.

"By your statement that Netflix as a company is susceptible to market dynamics beyond their control"

To some degree yes. Netflix just had major growth, and they are required to report that. It's the public opinion that is bidding the stock value up and it is also the public that pummels it down. Netflix can issue statements to attempt to control public opinion, but sometimes that takes a life of it's own.

Netflix the company, is still humming along regardless of what the stock market does.

", are you saying that the stock market is a good thing or a bad thing for them? ""

Well, technically it was bad for them in the sense that we have a CEO that isn't very skilled in stock investing as Netflix bought their own stock at close to top. They should have known it was overpriced, and should have bought it when it was undervalued when it dropped several months later.

I believe in general stock market is good for companies with good management. It's only bad for companies with CEO out for the fast buck and that is based on the board.

4471d ago
Bahpomet---4471d ago

2 articals in 1 day about the exact same thing who doing damage control i think its time for me to bring a few to hell.

mandf4471d ago

Go look at the failed articles last night. They had 2 articles claiming Sony stock dropped one by half. Gaming media is becoming a joke. Half of these sites weren't even there. They steal info from other sites.

GribbleGrunger4471d ago

The PS4 only does everything ... and more.

mi_titan274471d ago

"Everything. Everywhere." did anyone else catch that?

ApolloTheBoss4471d ago

Everything
Everything Everywhere.

G20WLY4471d ago

This is great news! What do you think Cocozero?

Actually 2.4% is nothing particularly amazing, but it's all in the right direction at least. It has to be good news to see any shares in the industry rising after the recent general decline.

Here's hoping this (and Microsoft's impending announcement) help the industry gather more pace again ;)

MikeMyers4471d ago

True. Sony needs to build some momentum and I thought the PS4 livestream was really well done and quite a surprise for revealing so much prior to E3.

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170°

Sony Aims To Sell 15 Million PS5 Units This Year, but Is Shifting Focus to Monthly Active Users

Sony CEO Hiroki Totoki and CFO Lin Tao talked about the state of the PlayStation business and the strategy and targets going forward, including how they're responding to the tariffs.

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simulationdaily.com
1Victor6d ago

I wonder how the USA tariffs war will affect that projection. 🤔

S2Killinit6d ago (Edited 6d ago )

I think they take that into consideration when they announce their projections. Currently, after the xbox price increase, the PRO is cheaper than the series x! That is ridiculous, and it can’t last.

darthv726d ago

you keep saying that but the price of a PS5 Pro is S699.99 (US) and the price of a Series X is $599.99 (US)

S2Killinit6d ago (Edited 6d ago )

The series x with 2 TB storage space is more expensive than PS5 PRO which also has 2 TB storage space.

darthv726d ago (Edited 6d ago )

Oh so you are pitting a regular Pro with a special edition X... got it. If you are going so far as trying to compare apples to apples... please add in the optical drive and stand to the Pro. Seeing as the X has both of those by default.

I will help you if you are unable to do so.
PS5 Pro 2tb: $699.99, Optical Drive: $79.99, Stand: $29.99 = $809.97
Xbox Series X Galaxy Black Special Edition 2TB: $729.99

6d ago
S2Killinit5d ago (Edited 5d ago )

The PS5 PRO has 2TB storage. The series X with 2TB storage and much weaker, is… more expensive! So yeah, Im pointing out that fact.

Also, the PRO does not require a stand.

Ps: regular series 2TB is $749 (where did u get 729?)

darthv725d ago

Its right here on the official XB site: https://www.xbox.com/en-US/...

Okay, so no stand for the Pro, but you might still want the optical drive. So $779.98 vs $729.99. A properly outfitted Pro is still more $$ than a 2tb X.

S2Killinit5d ago (Edited 5d ago )

Do I need to mention that the series x is not nearly as powerful as the PS5 PRO?

And no, the PS5 PRO runs just fine without a drive, and people don’t have to buy the drive right away, assuming they want it.

+ Show (4) more repliesLast reply 5d ago
drivxr6d ago

I wonder why they are shifting focus to MAU.

RaiderNation6d ago

Because that's where the real money is made, in microtransactions.

Profchaos6d ago (Edited 6d ago )

People are spending less time playing is a typical trigger for this.

The less time spent playing the less likely you are to spend more money on games and services including subs or even the next console.

Increased engagement equals more money.

6d ago
DarXyde6d ago

Same reason Microsoft does it: it looks better to investors and it's a solution when unit sales slow down.

Personally, I'm not a fan of this metric; and by using it, you're kind of signaling that you're moving into the "This is a PlayStation" era.

Z5015d ago

Because the PS4 also has users and not necessarily sales

Obscure_Observer3d ago

"I wonder why they are shifting focus to MAU."

Because they´d finally realized that MS wasn´t wrong after all.

+ Show (3) more repliesLast reply 3d ago
6d ago
6d ago
310°

Sony Announces Large Profits Growth for PlayStation; Expects Further Wins in Current Fiscal Year

Sony announced its financial results for the fiscal year 2024, and things are certainly looking up, despite a decline in PS5 sales.

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simulationdaily.com
CrimsonWing696d ago

Expect sh*t to slow down if prices aren’t kept in check.

Redgrave6d ago

Who downvotes the truth?

Even PSN itself is too damn high.jpg

S2Killinit6d ago

Gamepass is already at 20$ per month if im not mistaken.

toxic-inferno6d ago

@neutralgamer1992

Not all of us. I'm a big PlayStation fan, and have been since the PSOne. But I can't begin to defend what's happening currently.

At least Nintendo release a large number of games from their major franchises. Sony is just not banking on their established franchises, and yet are raising prices. Not great.

S2Killinit6d ago

Im pretty sure we are going to see a price increase for PRO. I mean think about it, its currently cheaper than xbox series x! That cannot last.

Eonjay6d ago

I'm absolutely sure we will not see a price increase. I don't think we should 'expect' to see price increase because it just adds validity to what Nintendo and Microsoft have done.

darthv726d ago (Edited 6d ago )

Sorry to pop that bubble but the Pro is not cheaper than a series x... generally speaking (like you are). It is cheaper than one specific version, and doing so by not including the optical drive and stand like the X has by default.

So keep on trying to convince people you are right when everyone knows it's quite the opposite. A stock Pro is $699.99 and a stock X is $599.99. A special edition galactic black 2tb X is $729.99. And if you really want to compare apples to apples... adding the aforementioned optical drive and stand brings that Pro to $809.97 and then they would be on equal footing.

Twisting truths to fit a narrative... I expect better from you S2.

S2Killinit5d ago (Edited 5d ago )

The PS5 PRO has 2TB storage. And the series X with 2TB is more expensive. Which in my opinion is insane conseidering how much more powerful the PRO is. The PS5PRO does not need a stand, it can be used without a stand.

TheKingKratos6d ago

So the Pro is not offering any push in sales at all ?

CrashMania6d ago

It's still an expensive, niche product ultimately. And they exceeded their sales projections for units sold by half a million.

lawox6d ago

"18.5 million units have been shipped during the full fiscal year. This is actually ahead of the 18 million units target set by the company."

They beat their yearly estimate. It's not broken down by device, but it's clearly performing well enough. Since it's been released it's consistently been the second best selling SKU on Amazon only after the the Slim with disc.

6d ago
Bathyj6d ago

18 million a year is in the toilet?
I remember when 10 was considered good
Hell Microsoft would take that right now.
Probably pay $100b for it.

6d ago
BeHunted6d ago

If their profits fall next quarter, we'll probably see more price hikes. I can't imagine having to pay £20 a month for PlayStation Plus.

S2Killinit6d ago

I think gamepass is already paying that much.

6d ago
drivxr6d ago (Edited 6d ago )

Decline in hardware sales.
Behind on lifetime sales and decline in first party sales.
Third party content and PSN came through to save the day.
Things will improve starting with the next Ghost game.

Hopefully a steady flow of first party content by end of '25

rlow16d ago (Edited 6d ago )

I guess you get downvoted for stating facts from Sony’s own lips. What I’m curious about is what their top games of the year were and how much Xbox games contributed to the increase?

CrashMania6d ago

Well, generally 3rd party publisher games contribute the most anyway, so no different to capcom, EA and so on contributing to this figure.

lawox6d ago

That's because the report is actually really good.

They beat the console sales estimate that they set last year March, they have increased users both due to the record numbers of PS4 users and strong PS5 sales which is leading to great profits in sales and user spend.

This report is about the financial health of the PlayStation brand and as a platform PlayStation is stronger than ever. Heck they even have Microsoft putting their biggest franchises on the platform.

6d ago
S2Killinit5d ago (Edited 5d ago )

Well, the facts in the article are positive. Nothing wrong with his comment, but in my opinion it doesn't correctly indicate all the facts and nuances that give context to the reality of things. I downvoted for that only.

Make sense?

+ Show (1) more replyLast reply 5d ago
Lightning776d ago

This is exactly what happened to Xbox year's ago. They had no first party and started seeing decline in 1st party sales, which effected their third party games which eventually effected their console sales. A slow decline across the board.

Calm down PS fans I'm not saying PS is becoming like old Xbox. I'm showing examples of the importance of first party output. Look how Xbox finally has compelling first party and things are on a up swing(despite years going on a downswing). I know thanks to PS releases which helps a ton, (which is why Xbox hardware only dropped 6% instead of 30+% like it usually does) The point still stands despite what Genz Trends may go, first party and compelling games sell hardware and software still. Sony's financial quarter is an example of this, of what lower First party output looks like.

No matter they'll be right back on track in due time any time especially with DS2 (not my type of game but I know many like it) and Yotei. They're not Xbox and let things get bad for so many years on end.

crazyCoconuts6d ago

"I'm showing examples of the importance of first party output. "
First party is mostly relevant for the sole purpose of creating EXCLUSIVES that are needed to stay competitive. With Xbox consoles collapsing and no more Xbox exclusives, first party is way less important. PlayStation as a platform now has free reign to profit without the high expense of needing exclusive first party titles.

red2tango6d ago

Sony has been very lazy with 1st party games compared to the PS4 era. And even the PS4 era was nothing compared to the PS3 era in terms of games.

S2Killinit5d ago (Edited 5d ago )

We have Ghost and Intergalactic coming. And then Marathon which is not exclusive to PlayStation. I think Covid and that chip shortage put a speedbump in game development because game manufacturers dont want even more risk that their game will arrive to too little hardware, but the games are starting to show up.

Lightning776d ago

"With Xbox consoles collapsing and no more Xbox exclusives, first party is way less important."

Absolutely not. If that was the case then Nintendo would put Mario on Sega Genesis and Sonic on Super Nintendo. I know things are way different 30+ years later but not much has really changed in terms of exclusives and their impact on hardware. Especially early in the console life cycle.

Sony made all the money this quarter handover fist. Profits isn't a issue for them right now. I was just saying lower hardware sales and lower first party sales will hurt them or any console manufacturer of they don't have the compelling games in the long run. Just like it hurt Xbox. IF Sony keeps up not having lower first part output. Which we know they're not.

crazyCoconuts6d ago

Well no big exclusives in the last two years yet PS is doing great. What are people gonna do? Buy an Xbox?

S2Killinit5d ago

I agree with you. But they have had plenty of exclusives so far. Has it been ideal? Nope. I have a feeling we are seeing a resurgence with the effects of covid and that chip shortage now behind us.

Lightning776d ago

No it's just like 360 where they had no games yet ppl still bought it because they sold ppl on the games early on that gen the fans were locked in and invested. They were riding the good will and was dubbed the shooter, racer box. The games dried up and they never recovered from it which hurt them in the long run. Same here with PS they still make the big bucks because they had games early on and the fans locked in and will continue to lock in for a little while longer despite lacking in first party.

S2Killinit5d ago (Edited 5d ago )

I agree. But the problem with xbox was that for some crazy reason MS thought game development wasnt all that important to a platform holder. They literally did not fund games with their own studios. When they lost marketshare they couldnt justify paying for exclusives with large install bases making it too expensive. That is not the scenario with PlayStation.

+ Show (1) more replyLast reply 5d ago
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150°

PS5 shipments top 77.8 million

PlayStation 5 has shipped 77.8 million units worldwide, Sony announced in its financial results for the three months ended March 31, 2025.

italiangamer6d ago

Perfectly in line to reach 100 million by March 2026.

Profchaos6d ago

Theys have to clear 22.2 million to do this.
When you average out the current number over 5 years it's unlikely.

If the console was going down in price it would be possible but they have not been able to reduce the cost in fact it's gone up so this is working against them.

gta Vi has also been pushed out of the financial year and there's likely millions of GTA v players still on ps5 that have not made the jump those players would for GTA vi

The overall poor market conditions and uncertainty doesn't fill me with confidence trade war, weak yen and the ongoing cost of living crisis. We're not talking core gamers picking up a new system were talking gamers who wait for the back 9 to enter a new generation.

I think 2027 they will but 100 not this year.

italiangamer6d ago

They will reach 100 million during 2026.

S2Killinit6d ago

It might actually get a boost considering that even the PS5 PRO is currently cheaper than the series x. This will of course be over soon as Im expecting a price hike for the PRO.

Travesty6d ago (Edited 6d ago )

I know Sony said they are considering raising prices.. Well as of yesterday China and the US lifted their tariffs standoff. At least for 90 days until they can agree on a trade deal that would benefit both parties. So with manufacturing in China and shipping them to the US I’m hoping it will not affect the prices.

Although I kind of doubt Sony will top 100 million since GTA 6 will be releasing next year by March. Could be wrong and I’ll be glad to be.

Xbox shooting itself in the foot or more like nailing their own coffin with rising prices. Hopefully Sony will stay put.. Ghost of Yotei is releasing for $70 still so that’s a god sign hopefully.

senorfartcushion6d ago

Is this a good thing for someone with no shares in Sony stock?

italiangamer6d ago

More PS5 on the market = higher chance of getting even more games.
It's not rocket science.

gold_drake6d ago (Edited 6d ago )

very nice.
in almost 5 years too.
some big hitters are yet to come

badz1496d ago (Edited 6d ago )

come on...don't say that! that slogan "Greatness Awaits" is haunting me everytime someone says this and yeah...1st party output has not been a highlight this gen which is a huge bummer! personally, I would rate their 1st party output this gen 4/10!

gold_drake6d ago

to be honest, when i typed it out, it did sound like a slogan for that ha