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 emperiox
emperiox

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Edited By emperiox

Meanwhile Microsofts Nasdaq went down by .66%...or 23 cents. Lol, even microsofts investors are in a panic. xD

http://www.nasdaq.com/symbol/msft

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Avatar image for Landsharkk
Landsharkk

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@emperiox Uh, what? .66% is a panic in your eyes? MSFT (Microsoft's stock ticker) has been steadily on the increase over the past 6 months. Overall MSFT is up 32.71% since it's low point 6 months ago.

Basically the market today didn't even react to the reveal.

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emperiox

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@Landsharkk @emperiox minus the fees
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Landsharkk

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@emperiox @Landsharkk Lol, it cost me $7 per trade. That's the only fee.

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emperiox

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@Landsharkk @emperiox especially say someone owns 1000 shares in microsoft...

1000 x $34.85 - 0.66% = -$230.01 loss

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bionicearlobe

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Edited By bionicearlobe

@emperiox @Landsharkk if you're not prepared to lose $230 on $34,850 then you're better off with your money in the bank.

That's a good day on the market at the moment.


Why am i typing this, i don't know. :(


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Avatar image for Landsharkk
Landsharkk

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@emperiox @Landsharkk


Dude, 1000 shares of MSFT would be a total value of $34,850. A change of $230 wouldn't make even the most nervous investor bat an eye at.

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emperiox

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@Landsharkk @emperiox It's almost a full percent though...in the investor world that's ALOT of money.

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bionicearlobe

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Edited By bionicearlobe

@emperiox @Landsharkk

.66% is nothing man. I've been trading for years, the daily fluctuations in my stocks are much bigger than that.

It's 66c in $100,

$6.60 in $1000

$66 in $10,000

$660 in $100,000

$6600 in $1,000,000

It's pocket money.

You better hit the books man, and fast.

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Avatar image for Landsharkk
Landsharkk

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@emperiox @Landsharkk Oh yeah? And I'm signed up for space camp, so I know more about space flight than people who are already astronauts.

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emperiox

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@Landsharkk @emperiox That's true, good point.
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emperiox

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@Landsharkk @emperiox And? I'm starting up college soon for a masters in business. I know what I'm talking about too.

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Landsharkk

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@emperiox @Landsharkk I'm an investor with thousands in the market right now. I can tell you that the 0.66% (which is only about HALF a percent, not 'almost a full percent'), is absolutely nothing when talking about MSFT. A 0.66% increase or decrease is almost a daily occurence with MSFT.


In fact, of all the stocks in my portfolio right now, every single one of them has moved up or down at least 0.66% just today.

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xblackdivine

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sony is in fear of MICROSOFT.last 7 years they were under the shadow of XBOX360.i perfer XBOX ONE than ps4.MICROSOFT is going to smash sony one more time.sony and sony fan-boys will cry again while we are laughing again.
^__^

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ejay_kain

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Edited By ejay_kain

@xblackdivine Xbox is only bigger in the US. In Europe and Japan playstation dominates.

The main reason why playstation is doing better, is because we cannot use all the live services the US has. Yet MS still asks us to pay for it even more than you guys are. 10 euros a month>$10,-

I live in Holland and xbox smartglass, netflix etc are not even available here. We have 1 television network(RTL XL), a sportschannel and movie service channel(pay per view). Live is only for the multiplayer games that is it. Ps3 online over here is > xbox live, because same service and being free. The money paid for xbox live a year 120 euros > ps+ membership 50 euros.

And ohyeah the playstation+ deals are crazy awesome.

More than 50% of the xbox one reveal presentation is not even usable in my country. We do not even watch American football :P

Games are what sells xboxes over here in Europe. Definitely not television services.

Only people that are fans of Halo, COD, GOW and kinect games own a xbox. Or they buy an xbox 360 for the easy pirating of games.

MS must show some great games on E3.

This the main reason why i own a ps3 instead of a 360 and with me many other people.

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MjnE

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Edited By MjnE

@xblackdivine ps3 has outsold x360 global sales and it's a BETTER console...

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Carreau13

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@xblackdivine I hate the ps3 and have been a 360 gamer since it's launch. That being said, the Xbox One looks terrible compared to the ps4 in a pure gaming sense. Microsoft should be in fear of the fact it's new machine is a bag of ass.

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rmartinezdl

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Edited By rmartinezdl

@xblackdivine rofl! i dont even have a ps3 i am a pc gamer, but dude, you need to remove the d1ldo up from your ass, microsoft sucks, and have fun with your HTCS

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asante16

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Edited By asante16

Sony for the win.

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Rattlesnake_8

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lol hilariously awesome.

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hardeddie

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Where was the Reaction Microsoft predicted earlier that people will stand on their feet and be amazed? Amazed by a new cable service? A new set top box? A new VCR? LOL!

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grnsuperman4

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@hardeddie Actually, people were amazed. Amazed this made it past concept...

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HybridKing

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@grnsuperman4 @hardeddie Who was the dumbass that thought those ideas were good?

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edpeterson

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This is kind of hilarious

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linkdarkside

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i wonder what was microsoft reaction wend they learned that the PS4 will have GDDR5 memory.

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grnsuperman4

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@linkdarkside What would MS's reaction be if Sony made sure their release date was the same as XBox One. Then 1 week before release, announced a price drop to $300 under the price of XBox One?

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HybridKing

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@linkdarkside I wonder how MS reacted when they found out Sony's conference showed games with actual gameplay

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wizo59mt

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redemption from 2006

pic.twitter.com/vHY5UKQatZ

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bkohary

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I might have missed something, but we had a Sony presentation demonstrating gameplay on an invisible console vs a Microsoft presentation demonstrating movies of gameplay on a physical console.

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bkohary

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It might not make a difference, but what if Sony decided to one up Microsoft last minute and say "Actually, our system has 16GB ram. We just said 8GB because we figured Microsoft would match it."

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emperiox

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@bkohary I'd lol. Microsoft would piss themselves.

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Mickeyminime

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@emperiox @bkohary i'd lol harder, hell, i may end up in hospital because of it

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hippiesanta

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My ear wax > Xbox One

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edpeterson

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@hippiesanta Wii U > Xbox One

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Mojira7

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Sony Execs also leap...for joy.

Days ago

Sony Execs: "Darn it what are Microsoft gonna come up with tomorrow?" *nervously wiping sweat off forehead*

Today

Sony execs "heh heh, Nuthin to worry about boys! Christmas is early this year.." *puts feet on desk, lights cigar and grins like the Grinch*


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Monopoman

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Wow this is completely lol worthy.

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Bellum_Sacrum

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Someone was wondering what would happend to GameStop stock earlier...well. Here it is:
http://www.joystiq.com/2013/05/21/gamestop-stock-takes-hit-following-xbox-one-used-game-story/

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acelogan1989

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Edited By acelogan1989

sony ftw

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elsmitty

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Edited By elsmitty

That's cause there where even less games announced then at the ps4 reveal.

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HailHellfire

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i ended up falling asleep when watching the Xbox reveal. it threw off my entire day. lots of talking & TV features, it was the last thing that i wanted to hear. i dont care about TV, i have TiVo, its called my computer. i get what i want when i want it. i dont care about using my console for that. nor do i care to watch this stuff on my big screen, if i need to, i just send it over to my console from my computer & it pulls it up, seamlessly. either way, my TV is shared in my household with my roommate, so its easier to watch everything from my computer. my monitor isnt lacking any so big screen doesnt matter to me.

id rather game on our 55" than anything else, but even then, i can plug my computer into our TV & use it as a monitor, so all of this crap that they are talking about, is boring. id rather hear about a gaming console for gaming. which was what they accomplished with the PS4 presentation.

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max_inferno2110

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@HailHellfire I also was falling asleep and yawning throughout the Xbox reveal.It was just boring to watch.

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Dragon_Nexus

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Edited By Dragon_Nexus

@HailHellfire Why would it be able a ton of games when E3 is around the corner?

It was widely expected this conference would show off the hardware and its capabilities. Games would come at E3.

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LpcWarrior

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@Dragon_Nexus @HailHellfire Exactly.

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