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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Hey_Jay

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Edited By Hey_Jay

Slow news day, huh? Look, I believe in proving you're the best based on your merits. When companies try to get ahead by taking cheap shots at their competitor, it's just pathetic, plain and simple.

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MjnE

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@Hey_Jay this comment is more pathetic than that one tweet made by sony can ever be..

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Hey_Jay

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@MjnE @Hey_Jay It's fun to talk trash on the internet, isn't it? Easy, too.

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cheetah_TM

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@Hey_Jay As if Microsoft doesn't do the same with IE, WP8, Hotmail, Office...the list goes on

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Bellum_Sacrum

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@Hey_Jay Where were you when Microsoft was doing the same when Sony didn't actually show the console in February.

Oh wait, living under a rock, coming out only to make ignorant statements.

That's America's marketing for you.

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Hey_Jay

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@Bellum_Sacrum @Hey_Jay Where in the hell did I ever say it was just Microsoft against Sony? Please, genius, point out to me exactly where I said that. You want to know where I was when Microsoft did it? I was right there calling them just as pathetic for doing it. It has nothing to do with bias. I feel the exact same way when anyone does it, which is exactly why I said "companies" and "competitor". Swing that judgemental pendulum the other way, because you threw "ignorant" at the wrong person.

Smart-ass.

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Dragon_Nexus

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@Hey_Jay Agreed. Sony's continuous baiting of Microsoft is actually pretty childish.

It's just good that Ms don't ever seem to respond to the baiting.

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Bellum_Sacrum

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@Dragon_Nexus @Hey_Jay Where were you when Microsoft was doing the same when Sony didn't actually show the console in February.

Oh wait, living under a rock, coming out only to make ignorant statements.

That's America's marketing for you.
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Lord_Python1049

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Edited By Lord_Python1049

@Dragon_Nexus @Hey_Jay It was just a joke. They are competitors, and it shows they have a sense of humor.

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weapon93

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Edited By weapon93

Wow, this console sucks so bad it lead to a buy off of the competitor stock. This is what you get when you take the power from the gamer. We don't want to play fantasy football on our xbox, we want to play used games and not be forced to stay online. They should have called it Dreamcast 2.

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edpeterson

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@weapon93 Actually I'd so prefer to play my Dreamcast over the new Xbox, although to be fair I love the Dreamcast, so I guess that's not saying much.

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Tiwill44

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@weapon93 At least the Dreamcast had games and didn't have any forced/restricted features. It only failed because of the competition. Technically the Dreamcast was an excellent console compared to this..

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baxwam

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Edited By baxwam

Yea This conference only made me want to buy a PS4 more

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Hey_Jay

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@baxwam Ironically, watching the PS4 reveal made me want to buy it less.

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deactivated-5f027f1888ad2

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Xbox One comes with 1 RROD per console.

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Tiwill44

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Hopefully this will be the death of Call of Duty, EA, Activision and Microsoft. Then Nintendo can buy back Rare and we'll finally get to play Banjo Threeie.

Yeah nah it won't happen.

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Dragon_Nexus

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@Tiwill44 You Nintendo fanboys need to get it into your heads that Nintendo didn't want Rare or their IPs. That's why they sold them off.

Rare was losing developers while it was under Nintendo and continued to lose them after being sold.

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Tiwill44

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Edited By Tiwill44

@Dragon_Nexus @Tiwill44 By the way I'd change my avatar if I could, people keep saying this when I defend Nintendo. I'm no fanboy, I keep switching from Nintendo to PlayStation to PC and I love them all. I just don't like Xbox because it kills creativity (generic games year after year), it has no exclusives, and everything the Xbox can do, my PC can do it much better.

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Tiwill44

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@Dragon_Nexus @Tiwill44 Even if this is true, it doesn't matter. I highly doubt the current Rare can make a decent BK game. If Nintendo owned the franchise, they could do so much more with it. Retro Studios did DK Country Returns, and it was good. If they owned BK, they could do a "Banjo-Kazooie Returns" or something like that.

Plus, if that happened, Banjo-Kazooie could be in the next Smash Bros. :|

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Hey_Jay

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@Tiwill44 No! You mustn't put such thoughts in our heads. It's torture and you're only making it worse.

Aw, damn it...

*daydreams*

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painpas

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@Tiwill44 Rare will have to save the Xbox. That is all I see now in 2 weeks Rare has to deliver. Their is no excuses for this terrible uneventful industry momentum killer of a press conference today from MS.

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karenwen

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@painpas @Tiwill44 Rare lost their spark more than 10 years ago and they have yet to amuse like the SNES days.

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Gbullet

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From what i have seen today, i guess it is time to be moving to Sony. I bought the 360 when it came out and it was great... except paying to play online, but besides that it was fantastic. But this new Xbox is just laughable. So far Sony has my attention. Let´s us see if this will change during the year.

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splinter10

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Unless some major PR horror show occurs I see that price rising steadily over the year. may just the time to purchase me some sony share.

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Ladiesman17

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Edited By Ladiesman17

I don't know why People, Gamers and Stock Investor are so upset about this, platform holder should focused to build the best and better framework to their partner and consumers, not cannibalize and compete with them, and use their power to win a competition (games) exclusivity is a worst things in video games industry.

this is why video games never emerging as big as movies or musics industry. (i.e Iron Man 3 only available at Nintendo, I called that shit) Platform, Users and Games are divided. I personally want Sony go down next-gen, they are the major exclusive-sponsor, they are cancer of gaming industry.

exclusive games only doing good for loyalist but not for whole ecosystem. I dream the time when people could play games on whatever platform they want. I don't want spent $1500 to own PC, Xbox and PlayStation.

Best Platform-holder should be judged by their best services not games.

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almanrawx

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@Ladiesman17 this post is just retarded, go play with ur stupid iphone if u want to play with stupid feature and not play games

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Ladiesman17

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@almanrawx

Einstein also called an idiot, you never know real truth until you see the end of the tunnel. exclusive is stupid, exclusive is that what hold-back game industry for generation.

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Ladiesman17

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@almanrawx

lol, how's so?

enlighten me with your wise view,

but, see. you can't give me any..

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almanrawx

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@Ladiesman17 @almanrawx no ur just a stupid consumer and people like u will be the downfall to technology

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Ladiesman17

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Edited By Ladiesman17

@almanrawx

yes, I know what I'm talking about, I see the bright, bigger picture, not small, petty problems.

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almanrawx

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Edited By almanrawx

@Ladiesman17 @almanrawx dude do you even know what u are talking about?

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Tiwill44

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@Ladiesman17 Wait, so you buy a video game console for the services it offers, not for the games available on it?

...what?

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Ladiesman17

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@Tiwill44

you think 1st party games could help Wii U right now, the answer is not, that's 3rd party that could help Nintendo.

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Ladiesman17

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Edited By Ladiesman17

@Tiwill44

That's biased opinion, if you like PC, then sure you will enjoy your PC, but there are some people that enjoy using their Consoles rather than a PC.

I'm sure I will purchase both Consoles and PC, if Console is well integrated with my living-room better than my PC, or if I could play together with my family, my sister could play Console in my living-room, and I use my PC. and we could play co-op together.

exclusive games is not single solution to solve problems and competition. But innovation and better framework is..

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Tiwill44

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Edited By Tiwill44

@Ladiesman17 @Tiwill44 No, I buy multiplatform games on PC and I buy Sony's and Nintendo's consoles for their exclusives. If the Xbox had good exclusives (or any at all), I'd probably own one, but it doesn't, so it's useless.

Besides, Crysis and Borderlands are first-person shooters. Any FPS available on PC should be played on PC. It's one of the only genres that is meant to be played with a keyboard & mouse.

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Ladiesman17

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@StageS7N @Tiwill44

Nintendo become too synonymous with Mario and Zelda, nobody purchase Nintendo for Crysis or Borderlands.

that's major weaknesses that's why you see Nintendo going downhill and Steam and Xbox 360 become an emerging platform they have better framework than PlayStation or Wii U.

Sony online infrastructure still broken, and Wii U doesn't have any value to their partners. 1st party games like Mario and Zelda cannibalize 3rd party games.

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StageS7N

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Edited By StageS7N

@Ladiesman17 @Tiwill44

Thats exactly why Sony has always been in a better position than Nintendo. Great first party and great second and third party. Nintendo will pick up speed after their first party comes. Doesnt matter if they dominate or dont they will profit. The Xbox one is a disgrace to the entire industry.

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Bellum_Sacrum

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@Ladiesman17 said "I personally want Sony go down next-gen, they are the major exclusive-sponsor, they are cancer of gaming industry."

Yeah, only Microsoft is the major exclusive sponsor. They even went as far as to finance the creation of an entire game studio for Hironobu Sagakuchi after he left Square, provided he would make games for them.

Crawl back into your hole random clueless internet kid who knows nothing.

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Ladiesman17

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Edited By Ladiesman17

@Bellum_Sacrum

For better or worse, Microsoft DNA are still open-platform, so does with Steam, but most Japanese Company DNA are pretty closed (Sony and Nintendo). Microsoft doing that because of their competitor's influence .

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Monopoman

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Edited By Monopoman

@Ladiesman17 @StageS7N @Bellum_Sacrum @weapon93

Hey dude the haven of indie development is and always has been the PC that is why Steam has more indie titles on it then any console has ever had.

Sony has had plenty of innovative and fun titles on their PSN store that were 100% exclusives.

Journey

Tokyo Jungle

Fat Princess

Pixeljunk Monsters

Flower

Super Stardust HD

The Unfinished Swan



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Ladiesman17

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@StageS7N @Bellum_Sacrum @weapon93

cross-play my ass, that's PR stunt, it never worked, if Sony serious about that, it will expand, but it's not, it's anomaly that never worked. They're doing that to shut Gabe's mouth, because of his criticism he told on the public.

if Sony and Nintendo still dominate the industry like it was back in 90', you will never see true innovation like Indie games or kickstarter.

because of Steam and Xbox 360 downloadable indie games become popular, not because of PS3.

I agree Microsoft are worst Company, but like I've said, their DNA are still open-platform. it only that their CEO's that sucks ball, he wanted to turn Microsoft to be like an Apple.

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StageS7N

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@Ladiesman17 @Bellum_Sacrum

Who the hell gave you this "wisdom"? Microsoft is a closed system and even Valve has admitted Sony is more open to open platform gaming than Microsoft. Sony/Valve games can go crossplatform with the PC. MS is destroying the damn industry.

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bad_fur_day

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Edited By bad_fur_day

Have they still not learnt after the PS3 we don't want an all in one entertainment experience.

Gamers just want games surprisingly.

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Captquakers

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Edited By Captquakers

@bad_fur_day So why did the PS3 sell so well ?

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supdotcom

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@Captquakers the ps3 lost all the profits it made from the ps2 generation.

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b74kd3th

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Because it had good games dumbass

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bad_fur_day

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This is unbelievably hilarious. Sony stock goes up from Microsoft announcing a new console.

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Supperdude9

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@bad_fur_day

That just shows you how bad Microsoft is right now. Buzzwords, Manipulation of the crowd with plants, and BSing and not saying anything....at least the stockholders weren't fooled.

As of right now, Microsoft lost.

#dealwithit

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HenrySix

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Edited By HenrySix

Lol M$ bragging about winning this gen by calling their next xbox "xbox won".

Oh M$ you funny. and cocky.

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HenrySix

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Edited By HenrySix

ps3 fanboys: the ps3 will surpass the 360! just you wait.

*7 years later*

360 fanboys: 360 is still ahead... bringing in more mula too.

ps3 fanboys; but... but... RROD! HAHA

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StageS7N

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@HenrySix The PS3 is going to surpass the 360 within a weeks time. They've already outshipped the 360 in lifetime in January which implies the demand for the PS3 is higher. The 360 is done.


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Captquakers

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@StageS7N @HenrySix If anyone is still buying either console they are just stupid.

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karenwen

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@Captquakers Yeah, because the PS4 and X1 are going to have full backwards compatibility with PS3 and X360 games right? /sarcasm

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Monopoman

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Edited By Monopoman

@Captquakers @StageS7N @HenrySix

Plenty of gamers wait until the life cycle is ending to actually jump into that console generation. Everyone knows the first year of ANY console these days is rough going. I mean you can't show me a single console that had a great library throughout its first year since maybe the days of SNES or NES.

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StageS7N

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@Captquakers @StageS7N @HenrySix

What did Sony do in any of this to deserve a similar reaction to Microsoft? Thats right, nothing.


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Bellum_Sacrum

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@HenrySix mad ms fanboy post 4

...and keeps on going

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3Dsoldier

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...just registered on the PSN.

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b74kd3th

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So

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