Expensive PS3 production, among other things, has made Sony the topic of some not-so-ideal financial reports of late, but things are finally looking up as the Tokyo-based company sees a sharp rise in share prices on Tuesday.

Sony's stock prices shot up 4.54 percent (250 yen) to close at 5,750 yen - said to be thanks to the here recent boost in PS3 sales and a deal that saw the Dubai state fund invest up to $500 million in the company.

Koya Tabata, an analyst at Credit Suisse, spotted the obvious: "The news of brisk PS3 sales in North America apparently had an effect on Sony shares."

Conversely, Nintendo shares dropped by 800 Yen (1.28 percent) to 61,700, while Wii remains widely sold out in the major territories worldwide.

For those that don't understand, Sony's doing 'aight'.
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  • -2
    Final Blade Nov 28, 07
    Its kinda Obvious that they are, I mean its not like they flat out dead. They are doing extremely better with the PS3 than with PS2 and PS1 in the first year, thats the stuff that gets left out from the media.
    • 4
      StabWound Nov 28, 07
      PS2 sold double what the PS3 did in its first year.
    • 3
      StabWound Nov 28, 07
      • -3
        Final Blade Nov 28, 07
        I was actually referring to the PS3 getting million world wide sales faster than its predecessors, nice way to misunderstand my post. iLL please go away, all you do is start problems.
        • 0
          tidus04 Dec 1, 07
          Thats fan boys for you.

          Though this is good to hear that there is a increase as it is a great sign of all things related to the PS3
  • -2
    iLLmatic Nov 28, 07
    finalblade strikes again.

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