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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HenrySix

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isn't sonys stock still in a terrible spot? even with this increase it is still weak? HOW IS THAT POSSIBLE?

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Captquakers

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@HenrySix It's a 1 point increase which is next to nothing, Sony's stock is not worth a huge amount and neither is Microsofts

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Bellum_Sacrum

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Edited By Bellum_Sacrum

@HenrySix mad ms fanboy post 1

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Undietaker

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@Bellum_Sacrum @HenrySix Sony stock $22, Microsoft $34. Sony still way behind as usual LOL

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HenrySix

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yeah, bring up those sales. the sales that show that there are more 360s sold overall then ps3.

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Bellum_Sacrum

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@HenrySix mad ms fanboy post 2

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HenrySix

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Edited By HenrySix

LOL at all these angry sony ponys. still mad that the 360 was more successful than the ps3? #dealwithit


maybe sony learned their lesson this time? maybe they won't repeat this gen's mistakes with the next? who am I kidding though... it is sony.

$599 US DOLLARS!!!!!!

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Bellum_Sacrum

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@HenrySix mad ms fanboy post 3

my work here is done

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blackmagicmarkr

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Why would I shell out for another system when all the stuff I thought about picking up will be cheap? For slightly better graphics and weird new restrictions? The reason why the stock took a slight dive is because there is just nothing really compelling here to be excited about...

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snova9308

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Edited By snova9308

this is just too damn funny

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MooncalfReviews

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Update:
Sony shares climbed 9.23% total today, so far
http://www.plus500.co.uk/Instruments/SNE

Microsoft shares have dropped a little, by -0.74%, which on a major device reveal day is absurdly bad, especially for such a big company.
http://www.plus500.co.uk/Instruments/MSFT

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Captquakers

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@MooncalfReviews Keeping quiet the fact that Sony's shares dropped over 1.5% after the PS4 launch aren't we ?

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MooncalfReviews

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Edited By MooncalfReviews

@Captquakers I'm actually not a Playstation fan at all. I've been an Xbox fan for about 8 years (until now).

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Tiwill44

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@Captquakers @Bellum_Sacrum You can play PC games on a couch, and all my friends use Steam, sooo...

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Captquakers

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@Bellum_Sacrum Because console gaming is a lot more relaxed, I don't have to sit at a desk and it's what my friends use, Lets face facts most people will buy what theirs friends buy, You want to game with people you like after all

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Bellum_Sacrum

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Edited By Bellum_Sacrum

@MooncalfReviews @Captquakers I honestly cannot understand how one can be an xbox fan when it is practically the console version of a PC. Well, until current gen came along and PS3 did the same. -_-

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Captquakers

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@MooncalfReviews I never claimed you were...
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Bellum_Sacrum

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@Captquakers @MooncalfReviews What PS4 launch? Are you from the future?

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Monopoman

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@Captquakers @psx_warrior

% increase is what matters though that means if you bought 10 million dollars worth of Sony stock yesterday you just made almost a million dollars.

Meanwhile if you buy 10 million dollars of a stock and it only goes up .5% you didn't make nearly as much money.

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Captquakers

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@psx_warrior It's not even a big rise it's just over 1 point, It looks bigger on % because Sony's stock is not worth a huge amount right now ( Nor is Microsoft's)

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psx_warrior

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Yeah, but Microsoft shares didn't rise so dramatically after ps4 reveal either.

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Captquakers

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@Bellum_Sacrum @Captquakers @MooncalfReviews Of course but claiming a fall in shares of .74% is "absurdly bad" When Sony's fell buy more than double is even funnier

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Bellum_Sacrum

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@Captquakers @Bellum_Sacrum @MooncalfReviews You *do* realize that we are making fun of MS's terrible presentation right?

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Captquakers

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Edited By Captquakers

@Bellum_Sacrum @Captquakers @MooncalfReviews Sorry meant the announcement even*

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MooncalfReviews

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Interestingly, Nintendo have also climbed 4.49% today.

http://uk.finance.yahoo.com/q?s=NTO.BE

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MooncalfReviews

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Makes me wish I'd bought shares in Sony this morning, because I saw these announcements coming from MS!

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Bellum_Sacrum

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Edited By Bellum_Sacrum

@MooncalfReviews Regardless of the quality of the product. One does not simply get away with such a sh***y presentation.

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NeoBillbine

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I know an exclusive for xbox 1. Always online

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AyatollaofRnR

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To be honest other than a handful of exclusive games, the platform you own this coming gen is largely irrelevant and just down to personal preference of the feature set.

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blackmagicmarkr

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@AyatollaofRnR Nah

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Devil_wings00

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@AyatollaofRnR Ya it's already pretty much that way as it is.

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Double-Ego

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http://www.youtube.com/watch?v=SyD1VlQdj2s

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asante16

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Xbox one = fail

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asante16

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Edited By asante16

MS is trying to sell a cable box and Sony is selling a video game console so Sony will have an advantage.

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3Dsoldier

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Edited By 3Dsoldier

If eventually i buy a next gen console i know one thing for sure xbox one wont probably be on my plans.

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Devil_wings00

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Have a feeling the presentation was so TV centric because MS has some sort of deal with cable providers this time around. Wouldn't surprise me if they don't have a version that is subsidized through a cable company if you sign a 2-3 year cable agreement, like cell phones. I remember hearing rumors about that a while ago and the 360 had contract deals didn't it?


Probably something like $199 xbox one on a 3 year agreement with *insert cable company here*. It works with cell phones and cable companies are DESPERATE to find someway to remain relevant with the internet destroying them right now.

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weetbix23

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@Devil_wings00

Didn't think of that, in Australia Microsoft has a deal with Foxtel, the biggest pay TV service in the country. Pay TV isn't that big here, a lot of people just stick with free TV, even on Foxtel American shows air a considerable amount of time after they are aired in the states, and to get the good stuff you pay like $100 a month.

That's why anything related to TV doesn't interest me, I just watch online in my own time, but I wouldn't be surprised if they offer a XBOX one with new Foxtel subscriptions, I think a lot of people would go for that.

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csward

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Edited By csward

@Devil_wings00 Yeah I don't understand why the are pushing the TV connectivity thing so hard...I mean our smart phones, TVs, and other devices can already do that, so it's a very yawn-worthy new Xbox imo.

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Devil_wings00

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@csward @Devil_wings00 Ya a PC with an HDMI out port (every computer made in the last 3 years basically) can accomplish everything I saw at that press conference except the hand gestures perhaps.

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