Sony Stock Up Nine Percent After Xbox One Reveal

Gaming - Sony Stock Up Nine Percent After Xbox One Reveal - View Post

Michael-5

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Michael-5 on 22 May 2013

MoHasanie said:

Wh1pL4shL1ve_007 said:

I dont really get why Sony stock jumped either

(Blu-ray???)

The shares are up because there are rumors that they are going to spin off or sell a stake in their very profitable entertainment division, and then use that cash gained to help their struggling electronics division. Nothing to do with Xbox One.

Yea, but did X-Box One have no influence at all?

Why is Sony selling their more profitable division? I'm very confused at that. They keep selling, and selling, and selling, and soon there will be nothing left.

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