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Home News Sony Stock Prices Fall Over 10 Percent

GAMING NEWS

Sony Stock Prices Fall Over 10 Percent

Posted on Friday, February 8 @ 09:31:52 Eastern by Alex_Osborn


It's no secret that Sony has been struggling for quite a while now. The company posted its eighth consecutive quarterly loss, and as such, its shares have dropped a whopping 10.78 per cent. According to Bloomberg, this is the largest stock decline the company has seen since 2008.

While the losses are getting smaller company-wide, it's worth noting that the games division hasn't been doing so well, with Sony placing the brunt of the blame on the Vita. That shiny little handheld is really proving to be one heck of a thorn in Sony's side.

Do you think the PlayStation 4 will be enough to pull Sony and its game division back to its feet? Share your thoughts in the comments below.

[Via]
Tags:   Sony, ps3, PS Vita


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Comments
  • Sourdeez
    Sourdeez
    Joined: Feb 2012
    Posted: Feb 8th, 2013 at 9:59 am
    Good. Next time don't try to throw modders into prison for modding their own console. And this isnt the only shitty business practice sony has done. in the 90s they used to put trojans on their msuci cds to keep people from copying them. Look it up its true.
    0 4
  • Sourdeez
    Sourdeez
    Joined: Feb 2012
    Posted: Feb 8th, 2013 at 10:00 am
    And no I dont think sony will do well up against the new xbox and when it comes out steambox.
    0 2
  • Jobin_Wendy
    Jobin_Wendy
    Joined: Mar 2012
    Posted: Feb 8th, 2013 at 10:06 am
    I think Sony can turn it around by not sinking so much money into shitty movies. They should divert some of that money to make some solid Vita games.

    Also, I'm all about 4K, but seriously... the future isn't quite now.
    0 0
  • oblivion437
    oblivion437
    Joined: Nov 2006
    Posted: Feb 8th, 2013 at 10:27 am
    A counter-opinion would be that they are past time to give up trying to push it. Cut their losses and move on.
    0 1
  • Jobin_Wendy
    Jobin_Wendy
    Joined: Mar 2012
    Posted: Feb 8th, 2013 at 10:42 am
    It makes sense commercially. Just not quite yet for the average consumer. And regardless of what anyone says about pixel math, 4K is really pretty up close. Just not ten grand pretty.
    0 0
  • oblivion437
    oblivion437
    Joined: Nov 2006
    Posted: Feb 8th, 2013 at 10:44 am
    I meant the Vita platform. They've lost large amounts of money on it. But that too. Corporations should do well to be Sancho Panza and not Don Quixote.
    0 0
  • thedarkstar
    thedarkstar
    Joined: Feb 2011
    Posted: Feb 8th, 2013 at 11:50 am
    It is unfortunate that the Vita is being blamed for these losses. The Vita is solid. I think it just needs to be less money. 400 dollars after tax, game, and a case for a handheld is kind of silly. Yes, I love mine, but I traded a lot of stuff to get the price down.
    0 0
  • EarthboundMike
    EarthboundMike
    Joined: Feb 2013
    Posted: Feb 8th, 2013 at 12:19 pm
    Sony has done itself in with this past generation of systems, overcharging for the PS3 from the beginning and now doing the same with the Vita. Sony seems to be lagging behind at the moment, and I know it's too early to tell, but I don't see that changing with the next generation of consoles. Sony will really have to turn things around to avoid another 3rd place standing.
    0 0
  • OdiousLupous
    OdiousLupous
    Joined: Jul 2011
    Posted: Feb 8th, 2013 at 1:18 pm
    Cellphone games will win over handhelds just from a price stand point alone. Sure you can make better, prettier games for your hendhelds but then youve got to make up that money in creation in its pricetag and thats not going to work vs a $1-$2 game.

    Also Sony, the definition of insanity is doing the same thing over and over again but expecting different results.
    0 0
  • kick_in_ur_face
    kick_in_ur_face
    Joined: Jan 2013
    Posted: Feb 8th, 2013 at 3:26 pm
    People don't want to put their money where their mouth is. I been trying to sell Vita games on craigslist for half off the new retail price but people still want to undercut that. People simply don't care for quality anymore. Game developers/publishers will continue to struggle because everyone will (and does) take games for granted. You need to support what you like
    0 0
  • madster111
    madster111
    Joined: Jun 2006
    Posted: Feb 10th, 2013 at 2:04 am
    I would love buy sony products, but the *******s haven't made an Xperia Play 2.
    WHY DON'T YOU WANT MY MONEY, SONY?

    Everyone else knows mobile gaming is the future. Write the Vita off as an expensive mistake, release an Xperia Play 2 and push the thing hard with some exclusives.
    0 0
  • BlueBerryShadow
    BlueBerryShadow
    Joined: Feb 2013
    Posted: Feb 10th, 2013 at 10:32 pm
    Better safe than Sony?
    0 0

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