I would think that most major game companies stock would go up, unless it went it a lot before when people were expecting a lot, but then that company didn't show at E3.
I liked this post, I know this is a gaming forum but I never use it for gaming anymore it's become more of a general forum for me.
Finance plays a huge part in the video game industry. Stock prices go up when current investors in the company are confident in what's ahead, and other investors want in on the deal. Given the ~8% rise in value for Sony's stocks in a single day (which is an enormous leap, considering the size of the company and the sheer number of stocks in the wild), I would say that, at the very least, Sony has recovered some investment backing after the PSN hacking debacle. Sony has lost jaw-dropping amounts of money recently, so any investor confidence is amazing news at this point. It doesn't take a financial analyst to use common sense. New consoles are unfathomably expensive to design and manufacture, and are seen as a major risk by investors who don't want to keep hold of the company's stocks for multiple consecutive years. If the console doesn't sell as well as expected (see: PS Vita), stock prices tend to plummet, which is bad for the company and for potential investors. Sony and Microsoft are making very wise business decisions by keeping current-gen hardware around for as long as they can, and putting off that risk until they absolutely have to deal with it. Besides, the PS3 and Xbox 360 still have plenty of life left in them, so there's really no reason to jump right into a new set of hardware at this point.
Well avoiding all this bull****t above, I personally think that Sony's E3 lineup was pretty poor. They only brought new PS3 exclusives and the next biggest thing they announced was a Move Race Wheel...Cool. Not impressed by what they have done at all (Besides the All-Star Battle Royale game).
sony's stock most definitely did not rise because of that embarrassing press conference. it rose because their stocks were so cheap and investors are confident they will rise again. a sony stock at 12 dollars a pop is a steal.
I didn't watch Sony's E3 conference, but seanpr92 posted a video of the new exclusive called Watch Dogs. I watched the trailer and I must say it does look like a pretty interesting game. Here's his post if you haven't seen it yet. http://www.se7ensins.com/forums/threads/watch-dogs-check-out-this-awesome-new-game-for-ps3.729069/
Yea I did see the gameplay and it didn't look like it could be a pretty good game. Graphics looked great for and open world game. Shame its a PS3 exclusive.
