Sony Stock Prices Rise

Mishtram | April 13, 2007 | Industry News | Gaming Tech/Hardware

Even with the hole created by the PS3, which has hurt stock, Sony continues to have increased stock value, reaching a high over a five year period.

Sony may be a bit battered and bruised as of late, but the company's financial situation could certainly be a whole lot worse, as BBC News reports that Sony's stock reached a five-year high today, after Japanese newspaper Nikkei business daily published a report that Sony profits could increase 'sixfold' during 2007. Buy, buy, buy!

The report does note the launch of the PS3 will put a large hole in Sony's finances, but strong sales of LCD televisions in the US and Europe have been encouraging.

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Comments

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0 thumbs!
Sakura | April 13, 2007

I'm glad it is doing good. I wouldn't want anything bad to happen to Sony.
0 thumbs!
Mishtram | April 13, 2007

Sony's in a lot of other fields outside of just the console arena, but I can imagine that some of the losses incurred with this console have definitely made a big hit on sales of it.
0 thumbs!
Gary15 | April 13, 2007

That's the good thing about product Diversity I guess, even if one of your products loses you money you have others to fall back on.
0 thumbs!
Kokoro | April 13, 2007

Now if only they would get a price cut.