This is BX @ Boxden.com


Sony Stock Drops After PS4 Event

 Sony Stock Drops After PS4 Event
topic by Krazie - 02-21-2013, 02:35 PM - Boxden > BX GameSpot


A pledge to re-invest in the Vita, not showing the console itself, or a "scary number" could all be the cause of Sony's 24 point stock drop.

Sony's Japanese stock dropped 24 points, or around 1.7% (at time of writing), following the company's "PlayStation 4 announcement" event. It looks like Japanese investors were not as impressed with Sony's new console as many others were. While it initially seems a little strange to have the stock drop after a big announcement, it makes a lot more sense when we look at the big picture.

First let's look at what happened at the actual event. The company pledged to re-invest in the struggling Vita, the PS4 was shown to have a "supercharged PC architecture" but gave no indication of what the thing will cost, and the physical console itself wasn't actually shown. These are all things that could be worrying.

These problems are then exacerbated when we remember that Japan is actually in a pretty big recession right now. Sony is struggling to stay afloat in almost all of its industries. Its TV division posted a loss for its seventh straight year and the Fitch Group recently downgraded Sony's debt to junk status. You could see how an extremely ambitious new console with dozens of new (and expensive) features could cause investors who were expecting a more modest system to reconsider their investment.

Lastly, there is one more possible reason that may seem a bit... strange. Many Japanese people are incredibly superstitious, and 4 is a bad number. The Japanese/Chinese character for 4 is the same as the character for de@th, so they try to avoid it in all circumstances. It's not uncommon to have level 4 on apartment buildings renamed to level 3A, or skipped entirely. Perhaps Sony could have eased some stockholders' minds by naming their new console the PlayStation 3A?


The Escapist : News : Sony Stock Drops After PS4 Event

It's dropped even more since the article was written.

LMAO @ 4 being the character of de@th in Japan. > Sony Stock Drops After PS4 Event - Photo posted in BX GameSpot | Sign in and leave a comment below!


Latest Games Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

56 comments for "Sony Stock Drops After PS4 Event"


 02-21-2013, 02:37 PMaway - #2
Trizz187 9 heat pts

  d 
space
$3,015 | 13849022
the game developers and game companies seem to think otherwise... ive never seen game devs side with sony like this in ten years since PS2
 02-21-2013, 02:38 PMonline - #3
Willbeatz 16 heat pts16

  d 
space
$6,268 | POWERFUL
Originally Posted by Krazie




It's dropped even more since the article was written.

LMAO @ 4 being the character of de@th in Japan.
 02-21-2013, 02:39 PMaway - #4
Hovi Bryant 237 heat pts237

  d 
space
$19,632 | POWERFUL
Japananese people call the PS4 "Playstation Four" in English.

Anyways, I'm not surprised.

Sony is really trying to win the U.S. market back, and price is really a big thing for us.

I think Sony should have flat out said, "this is the PS4 and here's the price".

They would have passed with flying colors. The stock still would have fallen though.

That vita is dusty. Look at Jessman's.
 02-21-2013, 02:40 PMaway - #5
Krazie 93 heat pts93

  d 
space
$28,081 | POWERFUL
Originally Posted by Trizz187
the game developers and game companies seem to think otherwise... ive never seen game devs side with sony like this in ten years since PS2
I'm all on board with it too, I was just expecting at least some sort of rise afterwards. Investors thought quite differently, apparently.

As long as it gets a reasonable price and when people actually see it, hopefully investors change their minds lol. If it's $600 and there are a lot of superstitious people in Japan
 02-21-2013, 02:53 PMaway - #6
TheT 20 heat pts20

  d 
space
$13,747 | POWERFUL
Originally Posted by Krazie

It's dropped even more since the article was written.

LMAO @ 4 being the character of de@th in Japan.
Four means "shi" in japanese which means de@th. That's why my japanese teacher would make us say "yon" in school in place of "shi".
 02-21-2013, 03:00 PMaway - #7
UrbanGAAWD 194 heat pts194

  d 
space
$6,586 | POWERFUL
damn sony can't win.....sony might be the j cole of the tech world
 02-21-2013, 03:00 PMaway - #8
Tiko377 1006 heat pts1006

  d 
space
$8,732 | POWERFUL
it was actually up after hours when the the annoucement was made i just think the whole market isnt doing to hot today, MSFT is also down almost 1.50% today.
 02-21-2013, 03:02 PMaway - #9
Y.G. 22 heat pts22

  d 
space
$26,634 | POWERFUL
Has anyone checked on Danai or Pain k!ller?
 02-21-2013, 03:07 PMaway - #10
Arson 82 heat pts82

  d 
space
$29,034 | POWERFUL
Not a huge drop but still...RIP to Sony.
 02-21-2013, 03:12 PMaway - #11
OG Killa 148 heat pts148

  d 
space
$14,040 | POWERFUL
 02-21-2013, 03:12 PMonline - #12
kontrast 

  d 
space
$1,657 | 5906316
Cause the PS4 looks like a$s. Gonna be another slow console cycle for Sony. I suspect Microsoft wont do much better but I think they'll appeal more to the hardcore gamer crowd.
 02-21-2013, 03:35 PMaway - #13
Trizz187 9 heat pts

  d 
space
$3,015 | 13849022
Originally Posted by kontrast
Cause the PS4 looks like a$s. Gonna be another slow console cycle for Sony. I suspect Microsoft wont do much better but I think they'll appeal more to the hardcore gamer crowd.
how so? what exclusives are they dishing out and third party cant save them now with PS4 having a social experience that can acctually contend with live. PS3 caterd towards hardcore and lost with microsoft having more of a social structure. Call it a stolen play from a playbook but sony just dished out one of Microsofts own tactics against them
 02-21-2013, 03:36 PMaway - #14
Trizz187 9 heat pts

  d 
space
$3,015 | 13849022
Originally Posted by Krazie
I'm all on board with it too, I was just expecting at least some sort of rise afterwards. Investors thought quite differently, apparently.

As long as it gets a reasonable price and when people actually see it, hopefully investors change their minds lol. If it's $600 and there are a lot of superstitious people in Japan
Looks like PS4 is gonna be bigger in USA and Europe this time. Japan is a dying market anyhow in general.. even in cars thanks to the power plant and tsunami
 02-21-2013, 03:38 PMaway - #15
Trizz187 9 heat pts

  d 
space
$3,015 | 13849022
Originally Posted by Arson
Not a huge drop but still...RIP to Sony.
Def wont be RIP sony. The fact that all the devs worked to help sony create this and the support and games they are bringing Sony might just take over again. Sony def has xbox to thank though cause xbox showed them what they shoulda done and now they dont wanna make anymore mistakes. Japanese investors dont hold weight when the sales come later. American investors are spectacle cause right now Xbox360 is still king just like in 2005 ps2 sold more then 360 but eventually getting deeper into the current gen xbox became number one with investors AND since 2005 devs followed 360s hardware for developing games now thats happening with Sony
 02-21-2013, 03:47 PMaway - #16
Krazie 93 heat pts93

  d 
space
$28,081 | POWERFUL
Originally Posted by Trizz187
Def wont be RIP sony. The fact that all the devs worked to help sony create this and the support and games they are bringing Sony might just take over again. Sony def has xbox to thank though cause xbox showed them what they shoulda done and now they dont wanna make anymore mistakes. Japanese investors dont hold weight when the sales come later. American investors are spectacle cause right now Xbox360 is still king just like in 2005 ps2 sold more then 360 but eventually getting deeper into the current gen xbox became number one with investors AND since 2005 devs followed 360s hardware for developing games now thats happening with Sony
Spoken like a true Sony employee.
 02-21-2013, 03:49 PMonline - #17
killadre 175 heat pts175

  d 
space
$10,914 | POWERFUL
 02-21-2013, 03:56 PMaway - #18
TattooedMPsz 31 heat pts31

  d 
space
$16,009 | POWERFUL
shut up dude with your stanning
 02-21-2013, 03:59 PMaway - #19
DRAGONFLY JONES 127 heat pts127

  d 
space
$7,479 | POWERFUL
Originally Posted by urbangatsby
damn sony can't win.....sony might be the j cole of the tech world
 02-21-2013, 04:29 PMaway - #20
Trizz187 9 heat pts

  d 
space
$3,015 | 13849022
Originally Posted by Krazie
Spoken like a true Sony employee.
lol ex employee i got somthing way better prolly a year ago now.
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX GameSpot
    
         

 



Latest hot topics on fire the past 48 hrs
Image inside  Nov 22 - Cleveland police shoot 12-year-old boy holdi..
72 comments
NBA Raptors & Dray improve to NBA best 11-2, beat Cavs as Le..
67 comments
NFL SNF: Dallas Cowboys (7-3) @ New York Football Giants (3-..
834 comments
 Video inside Nov 22 - Agree Or Disagree? Police Chief Went In On Af...
New reply 1 minute ago - 123 comments - by slee
 Image(s) inside Bow Wow Blasts 'black Folks' & “the Homies Just Dr...
New reply 30 minutes ago - 132 comments - by Avon_Barksdale
 NBA Old Ass Paul Pierce Still Getting These Young Hoes Coo...
New reply 11 minutes ago - 58 comments - by refuze
 NCAAF Nfl Head Of Officiating Says Jameis Winston Should Hav...
New reply 36 minutes ago - 122 comments - by theFREAK
 Image(s) inside Simple Ideas But Totally Genius
New reply 22 minutes ago - 53 comments - by thetfd
 Image(s) inside Nov 22 - How Many Homeless People Will Freeze To Death...
New reply 37 minutes ago - 69 comments - by RAZAH CUTS
 NFL Rgiii's Family's Access To Team Facility Has Been Revo...
New reply 22 minutes ago - 116 comments - by theFREAK
 Image(s) inside List Of Upcoming Tapes To Look Out For!
New reply 39 minutes ago - 67 comments - by SlimDunkin

Like BX on Facebook Follow BX on Twitter
5,860 fans of BX | none new today 4,810 following | none new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.