Despite a $40 million opening for "Casino Royale" and long lines for the PS3, Wall Street is still wary of Sony's stock.
It was a reasonably good weekend for Sony at the shopping malls and multiplexes...but Wall Street didn't see it that way.
Boxes of the company's new PlayStation 3 game consoles flew off the shelves.
And the Sony-produced "Casino Royale," the latest in the James Bond movie franchise, grossed $40.6 million at the box office in the U.S.
Yet shares of Sony (Charts) fell more than 1 percent in trading on the New York Stock Exchange Monday, extending its recent losing streak. Since Sony's stock hit a 52-week high in April, shares have slid nearly 25 percent.
Despite the stock's latest struggles, it's still been a fairly strong year and a half for Sir Howard Stringer, who took over as Sony's chief executive officer in June 2005.
Under Stringer, Sony's first non-Japanese CEO, Sony's stock has gained about 15 percent, largely due to hopes of higher profits fueled by cost-cutting.
But investors may be starting to lose some patience with Sony as the stock continues to slide in what has been a good market environment for other electronics makers and media companies.
Video games are no longer just a simple past time. Today's games are evolving into true works of art. Offering intriguing narratives, cinematic setpieces, and profound messages, games can entertain us for hundreds of hours.
Originally launched in 2011, El Shaddai: Ascension of the Metatron is coming to Nintendo Switch, so It's time to look back at the original.
Still have my ps3 copies. Bought it at launch and another one when I found it cheap and in perfect condition about 10 years ago. I wouldn’t buy it on Switch but if they made a PS5 version I would. I still have one of my PS3 Fats hooked up so good to go either way.
Id play it again on the switch. I wished my 360 version was bc but this is still a good way to play.
The artist behind Fallout 4’s Deathclaw reveals just how bad things got back when Bethesda took over the series
People are stupid I get it. No one should feel unsafe,
But I think they need to talk about why they cut so many corners during the development process and why none of their games ever look current. And why they think all of this is okay while they charge full price.
As much as Bethesda deserve criticism, that's not really relevant to the reveal of Fallout 3 in 2007.
The default angle Kotaku always go for is to highlight the worst in gaming.
I would’ve focused on the creative.
i like sony, but also i don't like them. they make good stuff but so do many other companies, but other companies keep product pricing at consumer friendly levels. their tv's are nice probably some of the nicest, but they are a rip off, and not so much better that i would pay premium for them, and that is the same i feel with all of their electronics. Blue ray may be better technology speaking but i want HD DVD to win because it is a cheaper product that gets the same job done. Plus it will take much longer for blue ray players to drop in price to a consumer friendly price point then it will for HD dvd sense Hd Dvd is already at around half the cost.
the world realized that $ony failed to deliver what they hyped the past 2 years. It seems like gaming was an afterthought to shoveling poo-ray and cell chips into households.