Sony's Share Prices Soar Following the Xbox One Reveal
Posted by Katy Ellis
Microsoft stocks consequently decline
It seems that many investors were left feeling a little cold after the recent Xbox One reveal, causing a shift in company shares shortly after Microsoft's conference had ended. The event had attempted to usher in a new generation of gaming with brand new hardware, a redesigned controller, updated Kinect camera, and more – yet businessmen and gamers alike were disappointed by the big reveal. Many felt that the show lacked content, despite the promise of more at E3.
As a result, shortly after the conference ended, Sony's share prices actually soared, gaining a whopping 9.25 per cent increase at the time of writing, while Microsoft's share prices slumped, albeit only by 0.66 per cent. While it's inevitable that a company's share prices will drop slightly after a big console reveal, much like Nintendo's after the Wii U announcement, this can still be interpreted as a sign of investor confidence in the PS4.
Do you share the stock market's sentiments? As always, let us know in the comments section below.