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Forums - Sony Discussion - Sony Stock goes BOOM AGAIN! : Up nearly 10%

Sony Stock as of this post was up 1.87, or 9.90%.   This follow's yesterday's huge boost of 1.04, or 5.80%

Sony Stocks previously closed Friday afternoon at a high of 17.92, and surged Monday due to excitement of Sony's booming Smartphone Business and resurging Games devision.  On Tuesday, Sony Stocks EXPLODED upwards nearly 10% on due to proposition from activist investor Loeb, to Split Sony's assets and sell off some of them.  Although Sony declined this proposition, stocks still soared over 9%.  They Closed at a new 52 week high of 20.76.  The day's high was an unprecedented 22.22. 

Sony stocks have nearly doubled from a December low of 9.63 and are up Year-to-date, more than 69%.

Analysts are forecasting Sony to continue to grow on the coatails of it's newfound smart phone prowess and the eventual release and anticipated growth of its Games devision led in part by the Playstation 4.

Sony has also been upgraded from the SELL status it held at the end of 2012, to an IMMEDIATE BUY status.

http://money.cnn.com/quote/quote.html?symb=SNE

http://finance.yahoo.com/q?s=SNE

 

YUSH go Sony :D                                                            



...uhh...ill just put my favorite quote of all time here.

"Welcome to Pain, the second of three...You have dealt the first...now deal with me!!"

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Soul Sacrifice actually had an effect.



 

Bet with gooch_destroyer, he wins if FFX and FFX-2 will be at $40 each for the vita. I win if it dont

Sign up if you want to see God Eater 2 get localized!! https://www.change.org/petitions/shift-inc-bring-god-eater-2-to-north-america-2#share

Well great for Sony!!!!



Wow, that's great!
Why do articles keep mentioning the PS4's release as something good for Sony? It will just bring down the gaming divisions already small profits. 



    

NNID: FrequentFlyer54

5 percent is a boom?



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bobgamez said:
5 percent is a boom?

In terms of stock yeah



 

Bet with gooch_destroyer, he wins if FFX and FFX-2 will be at $40 each for the vita. I win if it dont

Sign up if you want to see God Eater 2 get localized!! https://www.change.org/petitions/shift-inc-bring-god-eater-2-to-north-america-2#share

MoHasanie said:

Wow, that's great!
Why do articles keep mentioning the PS4's release as something good for Sony? It will just bring down the gaming divisions already small profits. 


Because unlike the PS3, the PS4 wont be sold at a loss and its R&D cost arent even in the same ball park.  Initial marketing will cost Sony, naturally; but since the PS4 is cheaper and easier to develop for than the PS3 - Sony will be making much greater profits from game sales.   This is just one of the reasons :)



...uhh...ill just put my favorite quote of all time here.

"Welcome to Pain, the second of three...You have dealt the first...now deal with me!!"

Surprised Kowenicki didn't post about this. Can't wait for his educated thoughts (after all, he follows financials of Sony and MS pretty closely).

5% doesn't seem that impressive to me, but what do I know? At least it's positive news for a change.



MoHasanie said:

Wow, that's great!
Why do articles keep mentioning the PS4's release as something good for Sony? It will just bring down the gaming divisions already small profits. 

Because how much a company makes it not the end all be all, sales are just important.  Look at apple, they are earning record profits but their stock is down 40% because of slowing sales and margins.  Sony is projecting an increase of some 7 billion dollars in sales for next year on the back of the PS4 and cell phones.



it helps with the yen dropping