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Sony's stock down ~28% from 52-week high, close to 52-week low

Forums - Sony Discussion - Sony's stock down ~28% from 52-week high, close to 52-week low

Sony stock down after industry pressure and a strong dollar

 

Sony's stock is down 7.22% today, 2.3 percentage points more than industry peer, and fellow Japanese console manufacturer Nintendo. This happens as they've delayed Uncharted 4, their flagship PS4 title, out of the current fiscal year, and their Movies segment is underperforming. While their electronics are finally getting out of a near decade long slump, they are facing increasingly stiff competetion from China, from companies such as Lenovo, Huawei and ZTE, and also of course their South Korean rival, Samsung, who has Sony beat on most electronic products, gaming aside.

Sony's stock was up over 51% in 2015 before it peaked, as it's restructuring efforts were showing fruits. Since then, Sony's stock has decreased gradually, and has almost erased any gain it got. While some of this loss might be because of the negative impact the strong dollar has, reflecting Sony's high ratio of dollar denominated costs, it is bound to make Sony's investors more worried about what's to come.

 

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

 

TL;DR: All companies stocks go up and down, it's how the stock market works. And you can spin anything to be a negative. It's very easy.



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Nah only Nintendo is doomed to continue falling.



 

Good, saves me the trouble of tarnishing your reputation, Teeqoz. You are doing a damn good job at it yourself.



Legend11 correctly predicted that GTA IV (360+PS3) would outsell SSBB. I was wrong.

A Biased Review Reloaded / Open Your Eyes / Switch Gamers Club

RolStoppable said:
Good, saves me the trouble of tarnishing your reputation, Teeqoz. You are doing a damn good job at it yourself.

 

I bet you didn't see that one coming. I wrote it myself even (all despite me owning and being bullish on Sony stock!)

 

Besides,  There's at least 20 days til I'm in a round again



Came in expecting a furious revenge thread from a Nintendo fan, end up seeing a Sony fan doing the dirty work. Left disappointed.

PS: OP must be from a very strange country.



End of 2016 hardware sales:

Wii U: 15 million. PS4: 54 million. One: 30 million. 3DS: 64.8 million. PSVita: 15.2 million.

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Mummelmann said:
Came in expecting a furious revenge thread from a Nintendo fan, end up seeing a Sony fan doing the dirty work. Left disappointed.

PS: OP must be from a very strange country.

 


About that last line, I'm not sure if it's insulting (you did move after all ), funny or serious. May I ask why?

 

Oh and better that a tongue-in-cheek Sony fan does it than an infuriated Nintendo fan, amirite? 



Seen stock on the news, all in the red.

some bad shit happen somewhere, world reacting negatively. ?



Teeqoz said:
Mummelmann said:
Came in expecting a furious revenge thread from a Nintendo fan, end up seeing a Sony fan doing the dirty work. Left disappointed.

PS: OP must be from a very strange country.

 


About that last line, I'm not sure if it's insulting (you did move after all ), funny or serious. May I ask why?

Just a weird joke. Norwegians are weird. I discovered a linguistic paradox with a Norwegian friend today; Gode råd er dyre, det er også dyrt å ha god råd, da er det bra at man har god råd!





End of 2016 hardware sales:

Wii U: 15 million. PS4: 54 million. One: 30 million. 3DS: 64.8 million. PSVita: 15.2 million.

Teeqoz said:
Mummelmann said:
Came in expecting a furious revenge thread from a Nintendo fan, end up seeing a Sony fan doing the dirty work. Left disappointed.

PS: OP must be from a very strange country.

 


About that last line, I'm not sure if it's insulting (you did move after all ), funny or serious. May I ask why?

 

Oh and better that a tongue-in-cheek Sony fan does it than an infuriated Nintendo fan, amirite? 

im a hardcore nintendo fan, i probably even wont buy a playstation ever probably. But doesnt mean i want nintendo or sony hurting. They are needed





97alexk said:
Teeqoz said:

 


About that last line, I'm not sure if it's insulting (you did move after all ), funny or serious. May I ask why?

 

Oh and better that a tongue-in-cheek Sony fan does it than an infuriated Nintendo fan, amirite? 

im a hardcore nintendo fan, i probably even wont buy a playstation ever probably. But doesnt mean i want nintendo or sony hurting. They are needed



 

Heh, don't worry, this was just a response I wrote to this thread:

http://gamrconnect.vgchartz.com/thread.php?id=212076&page=1#24

 

And my point is that it isn't really a big deal that a stock is down xx%, and also that no matter the situation,  there'll always be ways to make everything seem negative.