Sony slumps most in 4 years overnight in Japan. Down 11%.

Ganoncrotch

Currently Offline

45,595

11175 posts since 01/07/12

Recent Badges:

Vice Free Managed to avoid being banned for 6 months.
It's a Start Bank a Total of 2,000 VG$.
Escape Artist Managed to avoid being banned for 1 month.
So You Came Back For More, Huh? Logged in a second time.
Site Veteran Has been a VGChartz member for over 5 years.
3 Years Has been a VGChartz member for over 3 years.

Currently Playing:

Super Street Fighter IV: Arcade Edition (X360)
World of Warcraft (PC)

Ganoncrotch on 09 February 2013

newwil7l said:
How will Sony recover. I'm pretty sure PS4 will be their last console

Would love to know the source of that claim given that Sonys gaming side has always been strong enough, while there is a Sony there is going to be a Sony Gaming division and consoles in some shape or other if not their own machine in front of your Tv then in the handheld area.

Why not check me out on youtube and help me on the way to 2k subs over at www.youtube.com/stormcloudlive

richardhutnik

Banned

83,679

11176 posts since 26/12/08

Recent Badges:

God Of VGC 10,000 posts on the gamrConnect forums.
Leaving Limbo 100 posts on the gamrConnect forums.
It's a Start Bank a Total of 2,000 VG$.
Making Progress Earned 50,000 gamrPoints
4 Years Has been a VGChartz member for over 4 years.
Genocide 5,000 posts on the gamrConnect forums.

Currently Playing:

Game Room (XBL)

richardhutnik on 09 February 2013

Bonus points to person who can find a video report of record losses by Atari and post it somewhere. I am getting that vibe here.

Kasz216

Currently Offline

117,816

34826 posts since 29/07/07

Recent Badges:

14 Years Has been a VGChartz member for over 14 years.
Pata 100 wall post comments made on gamrConnect.
I'm Special VGChartz staff member.
50 in One Add a total of 50 games to your collection.
Everything's Falling Into Place Add a total of 100 games to your collection.
We're Still Watching You Received 50,000 profile views.

Kasz216 on 09 February 2013

kowenicki said:

Kasz216 said:

kowenicki said:

Kasz216 said:
Huh I'm shocked. Thought for sure the market consensus was that Sony was in an awful position and doing awful.

I guess Panasonic and Sharp raised expectations last minute?

The consensus was for a net profit. I bought my shares late last year based on that and luckily they shot up, so no harm done if I sell today.

Fair enough, guess i haven't been paying much attention since i saw a bunch of analysts just really take a negative outlook a month or two ago. I'm really only a long term multiple year investor so i more or less have written off the entire Japanese Electronics market.

Surprised you wouldn't just wait till the 20th though hoping for a minor bump. Though i suppose there is nothing preventing it from going lower.

I've made around 40%. That's enough, you have to know when to take profit and not be greedy.

Yeah actually after seeing the news out of Europe and Japan's quick retreat I can see your point. Looks like the EU is threatening a currency war if Japan tries to devalue their currency anymore.