Sony shares leap 8 percent after Xbox One announcement

PlayStation 4 owner took to Twitter earlier today to joke of a "slow news day."

1846 Comments

Sony's shares jumped up 8 percent immediately after rival hardware maker Microsoft formally unveiled its next-generation Xbox One console.

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At time of writing, Sony shares on the New York Stock Exchange are up 8.35 percent on where they were before Microsoft took to its custom-built stage at its Redmond campus to announce the successor to the Xbox 360. Sony shares are currently trading at $22.72.

Sony, which announced its own next-generation PlayStation 4 back in February, has recently been on the offensive. It teased the first shots of its still-unseen PlayStation 4 hardware yesterday, and took to Twitter today to jest that the day of Microsoft's Xbox One announcement was a slow news day.

Microsoft calls its Xbox One an "all-in-one" experience designed to function as the heart of a user's living room. The new hardware, which will launch worldwide in 2013, features 8GB of RAM, a Blu-ray drive, an x64 processor, and USB 3.0.

To keep up with the latest on Microsoft's next-gen unveiling, check GameSpot's Xbox One hub.

Got a news tip or want to contact us directly? Email news@gamespot.com

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Avatar image for benjy117
benjy117

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Maybe sony can take back the gaming world like they did with the PS2.

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Avatar image for deactivated-5e08d9ab66c90
deactivated-5e08d9ab66c90

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First of all I refer to my classic Xbox as "Xbox One", calling the new Xbox the same is just dumb. I love the Xbox 360 but I won't be able to say the same for the Xbox One. My next gen console of choice is PS4, not just because of their name consistency but what they are aiming for: High quality gaming. I really love PS4's new controller as well. Everything about Sony says pure high quality gaming, graphics, social interaction and that's where my money will go.

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hatieshorrer

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So how much did Nintendos stock go up?

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Avatar image for Qmajinbuu
Qmajinbuu

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@hatieshorrer When the PS4 was unveiled, Sony's stock dropped 2.7 points while Nintendo's stock went up 2 points. When the new X-Box was unveiled, Nintendo went up 2.2 points

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o016945

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Edited By o016945

http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

try to do some actual reporting Gamespot.

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Qmajinbuu

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Edited By Qmajinbuu

Yet more Hypocrisy from Gamespot. "Sony's shares jumped up 8 percent immediately after rival hardware maker Microsoft formally unveiled its next-generation Xbox One console." This is gaming news I will say, but it's just funny how this news must be announced immediately when it's sony and microsoft, yet when it's Nintendo it's completely ignored. What am I talking about? Well how many of you know the same thing happened in Feb when Sony introcuded the PS4?

There was a bunch of fan fair at the event and hype about how it's the future and the best, yet on the same day it was announced, Sony's shares dropped 2 points while at the same time, Nindendo's rose 2 points. Which means when the world saw the powerful, superior, and supposedly better PS4, many people backed out and sided with Nintendo. Apparently though, that wasn't news to Gamespot, so they didn't talk about it at all. Guess that should be their new motto:: Gamespot..Your number one spot for gaming news...except if that news is good for Nintendo

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o016945

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@Qmajinbuu the "news" is false. Sony's stock rising had nothing to do with gaming or Xbox Reveal.

http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

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Qmajinbuu

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Edited By Qmajinbuu

@o016945 @Qmajinbuu Thanks, that just proves my point about Gamespot being bias even more.

Even though Sony's rise in stock had nothing to do with gaming, Gamespot still reported on it like it was. While at the same time Nintendo's stock rose at the exact same time and it has everything to do with gaming, yet you hear nothing on it.

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Avatar image for deactivated-5bb196d4ab501
deactivated-5bb196d4ab501

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xbox sucks

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wexorian

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Edited By wexorian

Really weird :DDD

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Shango4

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Guys Guys.... on Kotaku the same but by Eurogamers Interview Phil harrison (vice president microsoft) told that they are NOT focusing on indie games.

Example:

Eurogamer: So no Xbox Live Arcade, no Xbox Live Indie Games - just games?

Phil Harrison: Just games, right.

btw. on kotaku they say this: that Indie devoleper need publisher to get on xbox one and PS4 doesent do that btw.

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saltbalsak

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Edited By saltbalsak

Here's why Sony went up. Nothing to do with MS or XB1: There are rumors that they will spin off their movie and music divisions. The PS systems are such a small part of Sony's overall revenue it never bumps or hurts their stock. Sony is much more concerned with the fact that it is being crushed in the TV market than any competition from MS or Nintendo.

Full article released today from CNN Money about stock jump:

http://money.cnn.com/2013/05/22/news/companies/sony-third-point/index.html?hpt=hp_t3

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realscarygary

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@saltbalsak And you are assuming CNN are correct in their statements? The story they report to have jumped the shares is old and was made public two weeks ago. Furthermore, I wouldn't call 25% of Sonys total consumer portfolio a "small part".

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saltbalsak

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Edited By saltbalsak

@realscarygary Come on. You can't be serious. You want me to take financial advise from a junior blogger at Gamespot over CNN? By that logic I might as well start getting all my videogame news from CNN rather than Gamespot.

This article was posted for the sole intent of driving fanboy debate.

It intentionally infers the XB1 reveal was so bad it pushed Sony stock higher. The article sites 0 references to support that inference. They might as well say the XB1 reveal made it rain today.

Full disclosure, I thought the XB1 reveal was extremely disappointing. I am very saddened by the direction ALL the major consoles are headed.

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realscarygary

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@saltbalsak Either way, it was a brilliant move

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realscarygary

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@saltbalsak That's not what I said at all, however it is always good to use some source critisism even if it's from CNN, sometimes especially if it is from CNN. I am not saying you should value the article on gamespot alone, but you have to consider that pretty much every gaming site, including a few financial sites, reported this, not only gamespot. Now with that being said, it do seem that the share jump was infact related to the news about the spinoffs, even if the news itself was old news. Sonys reply to Loebs request was also done after the stock went up.

Even so, I agree with you that Xbox One even is not the reason behind the stock value.

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Avatar image for o016945
o016945

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@realscarygary @saltbalsak how about Bloomberg?

http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

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craigprime

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Edited By craigprime

3 words: Xbox...One...LOLZ. (Acronyms count as one word)

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hrst1

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8GB of RAM!?!??! Damn, my $500 laptop has that much.

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botroo3

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@hrst1 8GB is more than enough, any more than that wont affect performance at all,the extra ram will just set there and do nothing, i have 42 Firefox taps opened right now and heroes of might and magic 6 alt tapped and shit loads of background programs and running Windows 8 and i am only using 48% of my 8GB ram.

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donut133

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@botroo3 @hrst1 How much vram is being used though? I maintain lab equipment that has 16GB of ram and usually only shows about 12GB being used, but their holding 10GB or more in their swap file that has 24GB available to it on the hard disk.

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Warlord_Irochi

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Edited By Warlord_Irochi

@hrst1 Will your laptop play games that will be released 6 years in the future?

The time people wastes doing this kind of comments would be better expend by reading online the difference between "multy-purpose computer" and "dedicated system". But I guess repeating old jokes in gaming websites is easier...

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Barazon

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@Warlord_Irochi @hrst1 But his laptop doesn't make him pay $$$ when he borrows a game disc from a friend.

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ominous_prime

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@hrst1 @Warlord_Irochi @Barazon Your mommy let's you go to pirate bay? You aren't being raised right.

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ominous_prime

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@Barazon @Warlord_Irochi @hrst1 You can't play your friend's game because of DRM. Don't you know anything about current PC gaming? Unless you take unconventional means...or get games from GOG.

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hrst1

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@Warlord_Irochi @Barazon @hrst1 dumbass I use the pirate bay I don't buy PC games

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Warlord_Irochi

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Edited By Warlord_Irochi

@Barazon @Warlord_Irochi @hrst1 Nope, because the install code and DRM would prevent him for it anyway...

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ominous_prime

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@hrst1 Hopefully the gaming console won't cost as much as your laptop.

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hrst1

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@ominous_prime @hrst1 im not getting it anyways, because of my moms belief that "a dedicated system only for gaming is for babies" and the laptop is a lot more comfortable for gaming cause of the mouse I use

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Avatar image for ominous_prime
ominous_prime

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@hrst1 @ominous_prime Well be a good child and listen to your mommy. The rest of us babies will be happy.

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abdoalwaer

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Edited By abdoalwaer

I see PC gamers who are insulting their supporters , Xbox one sucks but I won't be trashing MS , it is what made Windows after all (the only system that supports about 99% of the games that are out today on PC) .

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alrepairs

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Edited By alrepairs

@abdoalwaer PC Gamers who are insulting their supporters?

I don't see any Microsoft Games on my PC.

OpenGL (Responsible for our Games) isn't microsoft at all bud.


DirectX SDK, sure...but Microsoft abandoned the PC gaming market long ago.

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ominous_prime

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@alrepairs You're playing it on a Linux OS? No you have Windows for your OS. "You're welcome" - Microsoft.

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ominous_prime

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@liam82517 @ominous_prime I always get all of the consoles because I like games. I even play PC, but you seem fixated on a company of some sort. PC gaming has had those rules in place because there are too many pirates out there. Console game publishers are trying to cover there assets. You don't like it. Get a new hobby because this isn't for you anymore.

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liam82517

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@ominous_prime Yes, yes let the butthurt fanboyism flow through you lol

Xbox one is a cluster **** of anti consumer gimmicks. Support that all you want, but it just makes you a fool if you do.

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ominous_prime

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@Doomerang @ominous_prime @alrepairs It's not silly at all. Windows is the foundation. It it weren't for the kernal that any games developed to run on the OS then your gaming rig would just be a collection of hardware. Make fun of them as you will. I just don't see a mass exodus from the whiners to Linux or to Mac. You know why? There are no games to play there.

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Doomerang

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@ominous_prime @alrepairs That's a rather silly view. "Hey, since MS made our OS, PC gamers can't make fun of them!". I think we have all the rights to make fun of Microsoft, specifically as a game company, for things people perceive as game-related mistakes. They don't get a get-out-of-jail-free card for accomplishments in their other sectors.

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abdoalwaer

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@sgt_F79 , ohh really ? You mean that you weren't forced to install game data in your harddrive for many games which took a lot of time and space , PS3 had to install games and it won't change with PS4 .

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JamesThePrince

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Reason why Sony went up is because NOBODY wants to use kinect as a controller.That means you have to actually GET UP!

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Warlord_Irochi

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@JamesThePrince Stocks experienced a rise because shareholders expect an answer for Sony now that console competition is officially "over the table". This has happened before with any new generation of consoles.

It's basic market economy behavior.

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ominous_prime

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Edited By ominous_prime

@Warlord_Irochi @JamesThePrince Actually it has more to with a proposed action to split up Sony branches into smaller companies. That and the Japanese government pouring over a trillion yen into their economy to get out of it's recession. The XBOX One announcement's timing was merely coincidence.

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Warlord_Irochi

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@ominous_prime @Warlord_Irochi @JamesThePrince That makes sense indeed. Also considering Japan showed some grow in its economy in its last week report.

Good point, man! completely forgot about that :)

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o016945

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Edited By o016945

@Warlord_Irochi @JamesThePrince again...no

http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html

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ominous_prime

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@JamesThePrince Watch what happens when people see the PS4 at E3. Right now nobody other than Sony has seen it in existence.

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abdoalwaer

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@JamesThePrince , not really , sony's rise in the stocks happened before the revelation of the Xbox One so the thought of it is invalid .

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ColdstoneX3

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Is this one of those moments where its appropriate to write

Sony Employee of the Month: Microsoft

could be :)

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ominous_prime

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@ColdstoneX3 No, it isn't. See above posting as to why stocks rose for Sony.

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alpha_unit97

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I'm not surprised, first windows 8 and now this? it's an old concept that kind of wasn't anything special the first time...

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Hey_Jay

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@sgt_F79 @spectreSE7EN Just for the record, Microsoft didn't explicitly say anything solid about it. They simply haven't denied it. It still looks likely, but until they confirm it, it's still speculation.

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