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I think you're in denial. The prime competitor to XBox jumps 10% from its 52 week high during the period of time that the XBox is announced. It's difficult to c

I think you're in denial. The prime competitor to XBox jumps 10% from its 52 week high during the period of time that the XBox is announced. It's difficult to call that a coincidence.

Metrop0218 13y ago
But it looks like it still is :/ Stocks are complex creatures. Jumping to conclusions often ends up leading investors into trouble.
interurban 13y ago
If the only thing Sony made was the PlayStation line, then yeah, it would be difficult to call that a coincidence. But Sony has recording studios, movie studios, medical equipment, TV's, phones, a huge array of other consumer electronics, various video games (lots for the PC), PC's, and oh yeah, the PlayStation and the PSP/Vita. And as noted elsewhere, the price started moving only 5 minutes into the presentation, way before anything of substance was announced.
FreeBird 13y ago
Denial? That kind of insults are not welcome on HN. Anyway, take a look at this. http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-report-company-weighs-entertainment-spinoff.html http://www.bloomberg.com/news/2013-05-21/sony-jumps-on-repor...
interurban 13y ago
Although this thread is pretty old, I just saw something that reiterated my earlier point, Sony's insurance arm accounts for over 60% of the company's profits: http://www.nytimes.com/2013/05/28/business/global/sonys-bread-and-butter-its-not-electronics.html?pagewanted=all&_r=0 http://www.nytimes.com/2013/05/28/business/global/sonys-brea... There's no way a stock movement of that size had anything to do with the Xbox.