Go Back   nV News Forums > General Forums > Archived News Items

Newegg Daily Deals

Thread Tools
Old 06-04-12, 07:40 AM   #1
Registered User
Join Date: Jun 2009
Posts: 56,567
Post Sony's Stock Drops to Lowest Level Since 1984

With Sony's E3 conference kicking off later today, the company plans to wow you and excite you with a ton of announcements. Unfortunately, Sony have been unable to wow or excite investors, with the tech giant's stock falling below 1,000 Yen ($12.79) for the first time since 1984.

This isn't the first bad news the company has suffered recently, after its credit and debt ratings were downgraded in February due to huge quarterly losses. Sony has also not made a profit since 2008, and plans to cut 10,000 jobs.

With new Sony head Kaz Hirai highlighting the relatively healthy PlayStation business as one of the areas Sony hopes to turn the company around with, all eyes are sure to be on the conference to see what they have in store. While Heavenly Sword 2 or The Last Guardian might be things fans are looking forward to, investors will likely be most interested in Sony's possible cloud gaming plans, with true cloud support guaranteeing the future of PlayStation.


© Sebastian Moss for PlayStation LifeStyle, 2012. | Permalink | One comment | Add to del.icio.us

News is offline   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -5. The time now is 12:15 AM.

Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Copyright 1998 - 2014, nV News.