It's Sony PlayStation 4 versus Microsoft Xbox One. Which stock wins?
This is a tech battle that involves billions of dollars plus bazookas, lasers, swords, magic spells, helicopters, tanks, and throwing knives. All digital, of course.
That’s right: We’re talking Sony’s PlayStation 4 versus Microsoft’s Xbox One and these two companies are taking no prisoners Geneva Convention rules don’t always apply to video games.
The two companies showed off their latest game consoles to attendees gathered for the Electronic Entertainment Expo (E3). Though E3 starts today, last night’s dueling events had gamers, investors, and 15 year-old boys drooling at how they were going to spend several hundred dollars.
Microsoft’s Xbox One will cost you $499 when it comes out in November. Besides games, users will also be able to use the Xbox One to control their TV sets, even using voice and hand gestures to do so. This is a vast improvement from current voice activated TV set controls which involve asking the person closest to the remote control to change the channel.
Sony, however, will charge only $399 for PlayStation 4. Besides the cheaper price, here’s one thing that got crowds at the event cheering: Unlike Microsoft’s Xbox One (which will lock games if users don’t connect their consoles online once at day), Sony won’t have such restrictions. PS4 users can play whenever they want as long as they have a console, a monitor, and electricity with internet connection not required.
Will these and other differences make a difference in the stock prices of the two companies? We ask Talking Numbers contributors Enis Taner, Global Macro Editor at RiskReversal.com, and Richard Ross, Global Technical Strategist at Auerbach Grayson, whether they like Sony or Microsoft given the new game consoles.
To hear Ross and Taner analyze Microsoft and Sony, watch the video above.
Be sure to visit Talking Numbers on Friday as we interview the Commodities King, Dennis Gartman, on how he’s trading the gold market.
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- Consumer Discretionary
- Game Consoles
- Microsoft Xbox