Kzoellner on 29 December 2008
, 2008 by Art Green Sony has gained 2.7 percent in today’s trading session on the Tokyo Stock Exchange, outperforming the exchange average gain by 2.4 percent. Today’s surge has sent Sony’s share price to the highest level in two weeks.
When a company announces that they’ve cut production costs on a flagship product, investors tend to take notice. Recently, an iSuppli report showed that Sony has shaved 35 percent off the production of the PlayStation 3 console, leading to a surge in the company’s share price.
