Boxden hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now most viewers #top20 top yesterday all sections videos pics tracks headlines

Sony’s PlayStation 4 event helps….Nintendo?

most watched this minute | see more
most viewed right now
47 viewing
 Image inside So, Puffy Is Suing The BET Network For $100 Milli?
28 comments
most viewed right now
36 viewing
 Jul 1 - Keisha Johnson, The Confused Face Meme Girl, Sues Instagram for $500 M..
75 comments

top in section
35 viewing
 Video inside Eminem gets interviewed by Stephen Colbert on Detroit public access TV ..
top in hiphop
top in section
32 viewing
 Image inside Cameltoe & Perfect Ass... Cierra
top in eyecandy

people viewing this topic:   (0 members and 1 guests)  
 
 

let em know » Share this on TwitterShare this on Facebook
 Sony’s PlayStation 4 event helps….Nintendo?
Unread 2 years agoclass of '11 - away - #1
674 pageviews
4 comments


mystic boy 300 heat pts300 space
avatar space
Hoshido
space
$4,870 | POWERFUL
Whether based on reactionary headline trades or disappointed gamers, Sony’s big announcement of the PlayStation 4 console late Wednesday gave a boost to the shares of its more troubled rival Nintendo.

The two stocks traded in opposite directions on Thursday. Sony’s SNE U.S.-listed shares were down
2.7% to $14.08 by midday, with Nintendo’s NTDOY U.S. shares up
2% to $11.79. Earlier trades on the Tokyo market followed the same pattern, with Sony JP:6758
-2.55% slipping about 1.8% by
the close of that session, and Nintendo JP:7974
+0.34% gaining about 1.3%.

What gives? Sony hosted a high-profile event in New York City on Wednesday night to introduce the PlayStation 4. But while the company spent two hours discussing the new capabilities of the console and the games that would be developed for it, the device itself was never shown, leading many to speculate as to what the company is currently keeping under wraps.

Though both are rivals in the videogame market, Sony and Nintendo also have many differences. Nintendo is mostly dependent on its console and games business, while Sony is far more diversified across the consumer electronics spectrum. And Nintendo has tended to appeal more to the family and casual gaming crowd, so the launch of a new PlayStation wouldn’t necessarily k!ll off demand for its own new Wii U console that hit the market in November.

But both are also going after a market that has been hammered by the emergence of smartphones, tablets and social gaming. Nintendo has struggled to sell the Wii U since its launch, leading the company to cut its sales forecast for the year. And while analysts say they liked what they saw from Sony on Wednesday night, many questions remain unanswered, such as what the new PS4 will cost when it finally comes out this holiday season.

It’s possible that Thursday’s trades are a mix of profit taking and hedging. Sony’s U.S.-listed shares have jumped more than 30% over the last two months in anticipation of the new console. Nintendo has lost about 30% since the launch of the Wii U in mid-November.

– Dan Gallagher
Sony's PlayStation 4 event helps....Nintendo? - The Tell - MarketWatch
Reply With Quote
Props given to mystic boy hot topic  (02-22-2013)

4 comments for "Sony’s PlayStation 4 event helps….Nintendo?"

- To post a comment, join the squad -


Unread 2 years agoclass of '11 - away - #2
UrbanGAAWD 199 heat pts199 space
avatar space
THOT LUVR
space
$6,950 | POWERFUL
Just wait til the summer when the next Xbox and ps4 are on full display and every game blog/site/podcast and magazine talks about them instead of 3rd place wii u
Reply With Quote
Unread 2 years agoclass of '07 - away - #3
jhj26 28 heat pts28 space
avatar space
The Shot Caller
space
$14,214 | POWERFUL
nope, nintendo better take that quick money and run
Reply With Quote
Unread 2 years agoclass of '05 - away - #4
WCIB 100 heat pts100 space
avatar space
What's Drugs My Deala?
space
$17,117 | POWERFUL
Sell high n*ggas!
Reply With Quote
 

Home > all sections > BX GameSpot
  
    
          join bx


 




that hot ish yesterday


most viewed right now
12 viewing
Image inside Misty Copeland
55 comments
@eyecandy
most viewed right now
12 viewing
Image inside Using Tinder in Southeast Asia
30 comments
@wild'ish
most viewed right now
8 viewing
Jun 29 - I Used To Lead Tours At A Plantation. You Won’t Believe...
132 comments
@news
most viewed right now
8 viewing
Image inside iPhone 6s Photos Leaked Online
88 comments
@tech
most viewed right now
6 viewing
Video inside MIT Is Offering All Of Their Courses Online, To Anyone, For Free
123 comments
@wild'ish
most viewed right now
6 viewing
NBA The Official 2015 NBA Free Agency Thread
1006 comments
@sports
most viewed right now
6 viewing
Image inside Normal Looking Man Catches You off Guard
69 comments
@wild'ish
most viewed right now
6 viewing
Video inside Alien Cube UFO Emerges From Black Portal Over Texas
86 comments
@wild'ish
most viewed right now
5 viewing
NCAAF Dam Colin Cowherd hung up on Jim Harbaugh
86 comments
@sports

^
contact us   |   bx@twitter   |   bx@facebook   |   privacy   |   search   |  © BX 1998-end of time