Sony falls to a new 30 YEAR low. Markets just dont believe them.

[Ji99saw]

fillet said:

mike_intellivision said:
This is very sad because it would be terrible to see such a large and important company fail.

It is also interesting that this story seems never to get the play in the gaming press that Nintendo's one-time loss does. While much of this problem is not due to the gaming division, its existence does complicate matters for SCE at the very least.

Mike from Morgantown

Large, yes. Important, not so much. Hence the reason for the crash in their stock price.

Their products aren't a symbol of quality anymore, they have made vitually no strides in terms of innovation that is useful to the consumer, in fact they have excelled in things like copy protection and stiffling creativity as well as underhand tactics regarding copy protection schemes like the rootkit incident, their continual investment in add on bluray protection, Cinavia and other less known "innovations". They are a selfish company with their business model firmly based on non consumer friendly business practices. They have their nose firmly nested in proprietory technology when open equivalents are already more than suitable like the Memory Stick Pro Duo on the PSP and the proprietory memory cards on the Vita.

Every step of the way Sony has done it's best to offer poor value and extract as much cash as possible from the consumer for products it didn't need except use their devices.

They are now paying the price.

So true