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The Guardian - UK
The Guardian - UK
Technology
Keith Stuart

Sony stock falls - takes others with it

As expected, the stock market reacted sharply to Sony's PS3 announcement, the company's share value dropping 2.38 percent to 4,930yen. The price has already started rising again, though, and now stands at 4.970yen (watch it all happening here).

As Gamesindustry.biz reports, the delay has had a knock-on effect with several videogame publishers, including EA, suffering slight dips in share value.

It seems there has been no reverse effect on the value of Sony's rivals: Nintendo shares actually dropped in value too by just over one percent while Microsoft stood solid at USD25.61. It seems the stock market has interpreted the PS3 delay as bad news for the whole industry. But not that bad... This is why I don't work for a financial analysis company.

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