Sony recently announced their next generation console, the PlayStation 4, and in spectacular fashion. A well-rounded software presentation coupled with a look at the DualShock 4 showcased the new Sony system in a fantastic manner. Yet investors thing otherwise, as Sony's shares have fallen since Wednesday's announcement. Although gaming company stock usually does this after the first look at new hardware, it's worth noting Sony's US shares have fallen 2.7% at the price of $14.08.
What's even funnier is the fact that Nintendo's shares rising.
In the same time as Sony's stock hiccup, Nintendo has experience a 2% boost, selling at $11.79.
The trend is also following suit in Japan, with Nintendo gaining 1.3% in its home country and Sony dropping 1.8%. There isn't really any explanation to these stock fluctuations (nor to the stock market in general), but it's nice to see Nintendo going in a positive financial direction for the first time in a while. Although I am disappointed Sony has fallen by a fraction, Nintendo growth is always welcome.
It'll be interesting to see how the market changes this next generation.