... If there's actually a "war" between Japan and China(Which there won't be) you'd have a whole lot more to worry about than Sony stock dropping considering the U.S is treaty obligated to act in the defense of Japan. But whatever, if you want to wildly speculate about imminent crises, be my guest.
Right on. Stronger yen is good for Sony's international sales since it translates into higher revenue for the quarter. On the other hand, the Nikkei to NYSE stock price conversion suffers. This morning SNE closed at 1847 yen which stood at 102.4 per $1 which gave us the price drop. If yen was at 97, we would be around $19 PPS.
The value of the yen has been crashing for the last week or so, which causes minor drops in Japan to be amplified here short-term. Long term this is actually a good thing for sony. Also the Nikkei got hammered, possibly over territorial tensions with China.
On the game console front, while some data suggested Sony Corp.’s SNE
PlayStation 4 was mentioned more on social media Friday than Microsoft’s Xbox One, the InfoScout data showed the Xbox One garnering 31% of the gaming market Friday, twice that of the PlayStation 4, which logged 15%.
“PlayStation 4 was a hit with consumers,” Schrieber said. “But it was out of stock. [It] missed out on an enormous sales opportunity.”
If we close today at 18.64, where we are currently, then we will have broke the downward chart direction. You can then see SNE start to shoot upward this next month.
Geez, it only looks like a VCR in the photo but the real McCoy looks so much better. Just go to any store that has it and check for yourself. Actually, it looks small and fits better in my A/V system compared to the curved PS3. I like both systems to succeed but XBOX One won it for me.
Would like to read something besides thumbs-up--or--down on this one...thk you;.
I picked this up below $10 almost a year ago! My first stock pick ever and I will hold onto it for a very long time : ) Wish I would have bought a lot more when I made the purchase though........
Sentiment: Strong Buy
The bottom was awhile ago, if you didn't buy when it dipped into the 16s you should be kicking yourself. Already up 40 more cents in japan.
Sentiment: Strong Buy