Sony Stock goes BOOM AGAIN! : Up nearly 10%

[MoHasanie]

S.T.A.G.E. said:

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. 

Sony's shareholders realize that gaming isn't a threat to their wellbeing. In fact the gaming sector of the Playstation brand earned its place amongst the skeptics in the mid 90's. PS4's good press is making investors happy. Where Sony fails outside, their gaming sector shines. I just think they need to drop the PSP and they'll be fine.

But you do realize that the PS3 lost Sony a lot of money and I'm sure investors weren't happy about that. Investors don't care if its the TV division or the games division that's losing money, they just want Sony to make their unprofitable divisions profitable. 

Also, I doubt investors optimism is due to the PS4's good press. If investors cared so much about the PS4, then we would've seen big share price gains after the announcement but we didn't. Investors are happy because the yen is falling, and Sony has become profitable again.