Sony's Stocks Skyrocket after Xbox Reveal

[disolitude]

HesAPooka said:

disolitude said:

HesAPooka said:
MS stock also took a hit at the same time....

No it didn't. Its perfectly normal for a stock like Microsofts to be up and down 1% on a daily basis. Anything less than 5% movement isn't a "hit" by any means.

Wouldn't the announcement of a new product have a positive effect on stocks?

Not necessarily. Microsoft is so massive that a product like Xbox One isn't going to make a big impact. Strategic partnerships and shifts in markets impact Microsofts stock way more than individual products.

Microsoft stock is currently on a massive high and a new gaming console isn't going to push it up or down significantly.