What is Digg?Warning: The Content in this Article May be Inaccurate
Readers have reported that this story contains information that may not be accurate.88 Comments
- inactive, on 10/12/2007, -7/+44Ha, the 6 month and 1 year charts show this pretty well too. Both stocks performing almost identically for a year, then E3 hits and there's a big fork. I wonder if heads are gonna roll at Sony...
- blackhand0114, on 10/12/2007, -4/+27I think that one spot where Sony is higher than Nintendo is when nintendo told us the name was going to be Wii. I find that funny.
- inactive, on 10/12/2007, -1/+14Arg... my dad was lookin for something to invest 5k into and I suggested Nintendo. It didn't take an idiot to have this type of knowledge after it being all over digg so far before E3... stock was 17 when I told him, now it's 22. Damn him.
- jontintinjordan, on 10/12/2007, -2/+14You have to remember though that Sony is a much bigger business than just PlayStation (TVs, camcorders, cameras, plus music and films), so there will be other effects influencing its share price than just E3 fallout. Also, Sony's share price been in decline for a couple of years as it restructures & even Nintendo's down if you tag back its shareprice over a five year period.
- Veridis, on 10/12/2007, -6/+16I couldn't help but laugh out loud when I saw that. I guess we'll see how long Sony keeps falling. Can't wait.
- fitzfan, on 10/12/2007, -3/+12You could say this for Nintendo and a lot of companies, since most have been down since the april/may timeframe when nintendo started climbing. It is not just because of the consoles and e3.
http://finance.yahoo.com/q/bc?t=3m&s=NTDOY.PK&l=on&z=m&q=l&c=msft
http://finance.yahoo.com/q/bc?t=3m&s=NTDOY.PK&l=on&z=m&q=l&c=mot - csyberblue, on 10/12/2007, -0/+8It's the stock market...
how is anybody supposed to know for sure if it's going to keep going up? - RyeBrye, on 10/12/2007, -1/+9Forget the fact that Sony has a diverse product line that includes everything from big-screen HDTVs, to computers, to Movies & music. Focus ENTIRELY on your perception of how they are winning or losing the console war and base your entire perception of their stock on this one idea - and yeah, those charts might make you feel special.
In REALITY - even if the PS3 tanks and looses billions - Sony will still be around. This is more than I can say about all of the retards who seem to think they understand the stock market on this forum.
Sony has customers and clients who don't even give a crap about the PS3. Like the entire broadcast TV market.
INNACCURATE. - Akyan, on 10/12/2007, -1/+8Yeah, but surely it is hard to deny there is a clear forking on the stock price, at pretty much the exact same time.
- samuraitux, on 10/12/2007, -3/+10REPORT AS INACCURATE. Why? For those people who can't read charts like this digger, the Sony chart has only lost about 3% of its stock value which is probably because of the market conditions like increase interest rate, consumer sales, increase in futures, decrease profit in tech industry, and other million of other reasons. This NOT because of the PS3. If you compare this stock with the NASDAQ, DOW, and S&P500 charts, it clearly shows the same drop in value that the SNE stock. On the other hand, assuming that ntdoy.pk IS the Nintendo stock (which is unlikely because the Nikkei uses number for its stocks but I haven't research it) the increase of almost 30% is probably due to the Nintendo Wii. This drive in the stock is probably done by short term buyers which probably want a quick return on their money (This is bad for Nintendo). Please do some more research before submitting misleading digg stories.
- djdole, on 10/12/2007, -2/+8THIS REPORT IS IRREVALENT AND INNACURATE.
ioLogic is an idiot and should check stock being traded on the SAME market, and compare how other TECH companies are doing before making such biased reports. Seriously dude, do a little RESEARCH.
Nintendo isn't even a NYSE traded stock; it's a TYO & OTC stock.
This Sony data is from the NYSE.
This is like comparing Sale prices of Wal-Mart brand peanut butter at a Wal-mart in Canada to the prices of Kroger brand peanut-butter at a Krogers in Texas.
Nearly ALL tech stock on the NYSE has dropped since the 10th, and been on a record low (since '94), not just Sony. Check other 5 day reports for NYSE traded technology stock like Apple Computer, Inc.(NASDAQ:AAPL), Activision, Inc.(NASDAQ:ATVI), or even use this yahoo finance compare tool to compare sne(Sony) with goog (Google).
Google's NYSE stock nearly identically mirrors Sony’s since E3. Investors in Google aren’t going to base THEIR GOOGLE decisions on a SONY product that hasn't even been released, so logically just from this we know the drop in the Sony stock is NOT BECAUSE OF E3.
Also, since they're on different markets the Nintendo stock isn't affected by the same factors that effected the price of Sony's stock. And the changes (drop) in Sony’s stock aren’t due to the price report of the PS3.
Why would ALL tech stock be affected by a bunch of lame ass online forum poster's comments!?
Market prices NOW are not going to be dependant on a product that is going to be released 6 months to a year from now. They are affected by CURRENT financial reporting from the company, and somewhat by how CURRENT products are doing.
Reported as inaccurate.
I REALLY wish I could report submitter as a moron. - djdole, on 10/12/2007, -1/+7Take note: Microsoft & Sony's data are from the NYSE. Nintendo's ISN'T.
Nintendo isn't traded on the NYSE, so it's not effected by market factors/fluctuations like every other TECH company that got hit within the past week.
Also, Data shown NOW is going to reflect current financial reports, and would NOT reflect the PROFIT AND SALES from products that HAVEN'T EVEN BEEN RELEASED YET.
Google and Apple's stock dropped too, yet they don't make consoles...
HMM... ya think that MAYBE the stock market doesn't base it's changes on the opinions of Internet fanboys?
...and THANK GOD.
ra-men - felchdonkey, on 10/12/2007, -0/+6@Sanchez:
Sony predicts 887 million dollar loss on game division, blames PS3:
http://playstation.about.com/b/a/257687.htm
Sony Reports $578 Million Q1 Loss:
http://www.ecommercetimes.com/story/50200.html - Davoucci13, on 10/12/2007, -2/+7Its not too late...im sure there's still potential in the company.
- djdole, on 10/12/2007, -17/+22@fitzfan
Good to see SOMEONE ELSE knows what they are talking about here. This story is a bunch of *****.
Sony's stock mirrors many other tech stocks lately, for one compare Sony (sne) to Google (goog).
The decline in ALL NYSE traded TECH stock is not becuase of the PS3 at E3, you idiots.
NINTENDO ISN'T EVEN TRADED ON THE NYSE.
Try to look up it's(Nintendo's) symbol on the NYSE:
http://www.nyse.com/interface/servlet/NyseFrontController?RequestID=4&app=name&symbol=Nintendo&x=0&y=0&pageID=SymbolLookUp
REPORT AS INNACURATE. - afrokhan, on 10/12/2007, -0/+5@samuraitux:
NTDOY.PK is Nintendo stock (http://www.nintendo.com/corp/faq.jsp#stock). It's traded as a pink sheet (http://en.wikipedia.org/wiki/Pink_sheets). The 30% increase is not due solely to the Nintendo Wii. Nintendo raised its dividends and projections in response to better than expected handheld sales (if you couldn't tell just by the number of related articles here on Digg, the DS Lite is pretty freakin' hot; http://japanstockblog.com/article/8623). The fact that Nintendo's stock has jumped so much in the past few weeks, despite rather poor performance by the rest of the market, may be a sign of good things to come. Who knows? I believe they announce earnings on the 24th. - inactive, on 10/12/2007, -1/+6That is true, however, the Playstation is one of Sony's biggest selling products, so it can have quite a huge effect on investors when they screw something up in that division.
The delays and initial concerns for the PS3 were not very reassuring for Sony Investors, especially since the hype around the Wii was growing fast and initial reactions to it were good.
Then Sony decided to add insult to injury by suddenly copying the motion-sensing capabilities of the Wii-mote, just a few weeks before E3. Almost no games supported that.
In the minds of the Investors, the PS3 was not as well-planned a product as the Wii, and you can imagine what this means for them. - djdole, on 10/12/2007, -1/+5@Cyborg771 - "you can't deny that Nintendo's stock rose at the beginning of E3"
It started raining when I toasted my bagel this morning. They must be related.
"gives you no right to berade others"
You're right. I don't spend my time in front of a stock ticker, and won't claim to be an expert, but I'll definitely call people on all the biased ***** they're flinging.
Especially if it's how a biased fanboy misinterprets current reports.
The entire tech sector doesn't drop because of how a few people reacted to the E3 showing of the PS3. - thefirelane, on 10/12/2007, -0/+4Or even better... wait. Wait until you see the Wii and see how it plays before investing. You might think you'll have missed everything... but do you know how long *after* the iPod was released that you could have waited and *still* doubled your money? Years.
- samuraitux, on 10/12/2007, -1/+5I did some digging around this and I can 100% say that this is clearly INACCURATE so please be free to report this as what it's really is. First of all, Yahoo US does NOT support Japanese stocks ( http://finance.yahoo.com/exchanges ) Second, ntdoy.pk is really pink sheets and not Nintendo stocks ( http://en.wikipedia.org/wiki/Pink_sheets ) Third, I went to the Yahoo Japan website and found the real stock for Nintendo which is 7974.T ( http://quote.yahoo.co.jp/q?s=7974.t&d=c&k=c3&h=on&z=m and http://finance.google.com/finance?cid=672774 )
Here is the SNE stock compare to the real stock Nintendo stock: http://quote.yahoo.co.jp/q?d=c&c=sne&k=c3&t=3m&s=7974.t&l=on&a=&p=&z=l&q=l&v=on
You can clearly see that compared to Yen ( This is very important due to money conversions since Dollars cost more than Yen. This means since it lost more dollars in the US for a Japanese broker the decrease will be higher ) the stock has only drop 7% compare to the big jump of 16% for Nintendo. This is because of market conditions with a small boost thanks to the Wii. Japan has exceedingly seen a rise in their stocks compare to the US counterpart which has been decreasing for a while. - Sanchez, on 10/12/2007, -1/+5You are clearly misinformed. Playstation is one of Sony's few profitiable divisions, it accounts for about half their profit.
- inactive, on 10/12/2007, -0/+4I don't think the PS3 has a whole lot to do with this. If you look at Sony's income statement, you will notice something.
http://finance.yahoo.com/q/is?s=SNE&annual
Net income applicable to common shares took off in 2005. Wasn't 2005 a "slow" year for the video game industry as they are making a transition? Yet, this figure almost doubled from the year before. That is why Sony's stock price spiked. The fact that it is coming back down again has something to do with E3, but that isn't really the whole story whatsoever. The fact of the matter is, Sony had a really good year in 2005, and it is going to be hard for them to match that, or surpass it--with or without PS3. - rishimaharaj, on 10/12/2007, -1/+5It's amusing to see the Nintendo fanboys/Sony haters wetting their pants over a comparison which has approximately zero statistical significance. The Nintendo vs. Sony chart is being taken way out of context. Of course, if fanboys actually thought before screaming "OMG SONY GOT PWNNED WII KICKS TEH @$$" they wouldn't be fanboys.
- losvedir, on 10/12/2007, -1/+4w00t. I bought 50 shares after the announcement of the controller at TGS! I wish I had more to invest, but alas.
- zappjones, on 10/12/2007, -1/+4"I for one hope Sony doesn't do to bad because without competition there is no drive to improve hardware and keep prices lower."
You mean like the competition that is happening right now that is keeping prices lower? - m99stump, on 07/29/2008, -4/+7Fire Kurtagi? He's their lead engineer, without him there would BE no playstation - he's a huge part. As much as we all loathe him, Sony owes the vast majority of their business to the devices (PS1,2) he created.
- felchdonkey, on 10/12/2007, -2/+5@Metabolife
I'll try and ignore the use of "M$" and "fanboys" and take your comment seriously...
Nintendo has been making games long before Sony or Microsoft got into the picture, there will always be competition. It used to be Atari, Sega, Neo-Geo, etc., and in the future I'm sure someone we've never thought of will be competing with them.
Your iPod comment makes no sense at all. Now that it is "king," prices haven't gone up at all - they've come down. The original 10gb iPod was $500. I just bought a 30gb video iPod for $299. How can you reconcile your statement with that fact? - wtfdan, on 10/12/2007, -0/+3For a comparison of all 3:
http://finance.yahoo.com/q/bc?t=3m&s=SNE&l=on&z=m&q=l&c=ntdoy.pk%2C+MSFT - furdine, on 10/12/2007, -0/+2There's a lot of flailing about this digg story, but the gist is - Sony is a HUGE company, of which PS3 only plays a small part, while Nintendo is much smaller and really their only products are the DS, Gamecube, Wii on the way, and all their games and IP. So the rise in Nintendo is VERY MUCH due to the response at E3 (I invested personally in Nintendo because of this as well). However, the Sony drop is probably not very much related to E3, though it certainly hasn't helped them any.
Remember, Nintendo was expected to be a distant 3rd this go-round, so the expectations have dramatically shifted, resulting in a boost to their stock. What's interesting to note is that there is a cap to how quickly a stock can go up (or down) on the TSE, so Nintendo's stock has gone up at around the max for a couple weeks post E3 (the straight upward line on the chart).
Investors don't just look at financial sheets as one person said, but the whole picture INCLUDING future prospects and the inherent risks/rewards. IF the Wii does near as well as it seems to most gamers now, Nintendo stock will certainly rise further. Most big money investors don't have the same insight gamers do on this side of the business, or even how the game market works (the early leader usually wins over the long haul) so it is one advantage most diggers have over the stock brokers, at least from this angle. I would warn gamers wanting to invest in stocks like this that a good product or big revenue increase doesn't always mean a stock is a good buy, but in this case I would say that NTDOY.PK is still a good buy - the Nintendo situation is very analogous to the iPod/Apple situation a while back. But as an anonymous digger, take my advice for what it's worth... - Zarxrax, on 10/12/2007, -0/+2If the system takes off like a lot of people are expecting it to, then YES it will keep going up.
If the system flops, this might be about as high as its gunna get for a while... - IQ70, on 10/12/2007, -1/+31. Sony will make more money from The DaVinci Code than Nintendo will make from selling Wii.
2. Highschool kids should not be able to post stock tips on a site as popular as Digg. - FreydNot, on 10/12/2007, -0/+2Sony IS Hollywood (Sony Pictures)
- zacharychaos, on 10/12/2007, -0/+2am I the only one that thinks Wii is a good name? People are going nuts over nothing. I, for one, thought the Revolution was a stupid name, or at least one that was doomed to obscurity.
- millixaw, on 10/12/2007, -0/+2"Plus there are plenty of Sony titles that I love to play such as God of War, Shadow of the Colossus, and Kingdom hearts."
Kingdom Hearts is NOT a Sony title. It is a 3rd party (Square Enix) title which can be easily ported or continued on another system.
Square Enix != Sony - StickyShoez, on 10/12/2007, -1/+3Personally I think it sucks that one of the video game competitors might take a dive. Competition is good no matter what kind of fan-boy you are. I've liked Nintendo my whole life, but without competition what would have motivated them to innovate in the past? Plus there are plenty of Sony titles that I love to play such as God of War, Shadow of the Colossus, and Kingdom hearts. I for one hope Sony doesn't do to bad because without competition there is no drive to improve hardware and keep prices lower.
- beatmix01, on 10/12/2007, -0/+2Ah nintendo.... you brought us all into the video gaming world, and how you will win back out hearts. Thank you mario and luigi for a great childhood.
oh yeah, buy nintendo stock. - inactive, on 10/12/2007, -1/+3Sony make more than just the PlayStation, thus it is a flawed comparison.
Does share price have any benefit to the consumer? No.. I don't care from a consumer/news reader point of view. - rishimaharaj, on 10/12/2007, -1/+3I think there are several reasons. First, if you buy a console, you're guaranteed to be able to play all games released on that console for it's lifetime, which is typically several years. The console is a standardized platform, whereas the abilities of PCs are constantly improving. So if you buy/build a mid-range gaming PC, you're going to need to be upgrading it fairly frequently (let's say once a year) to keep on top of the latest games. Most people aren't going to upgrade their video card/CPU/RAM/etc. They're going to have to go out and buy a whole new PC.
Furthermore, the cost is prohibitive. People would rather spend $600 on a PS3 and $800 on a craptastic Dell than spend $1400 on a kick-ass gaming machine.
Also, PC gaming doesn't have the same retail presence as console gaming. You can't walk into BestBuy and purchase a high-end gaming PC. In fact, pretty much the only way to get a good gaming machine without getting ripped off is to build it yourself. Compare that to being able to walk into a store, buy a game console, and just plug it in. That's pretty much why I think PC gaming doesn't have the "mainstream" status of console gaming, despite it's advantages. - a1532b, on 10/12/2007, -0/+1This is just general market fluctuation. Any real investors should know that. Sony had a small spike back in march and now it has settled back down to what it was. Calm down kids, this isn't the end of Sony...yet..
- zirtbow, on 10/12/2007, -0/+1As much as everyone would like to see the PS3 fail it wouldn't matter. A company as large as Sony isn't going anywhere anytime soon and wouldn't go under even if the PS3 was a giagantic failure (which it won't be despite its high price and lack of DESIREABLE[many people don't care for blu-ray] features AT THAT PRICE).
- mcbesq, on 10/12/2007, -0/+1And yet Sony's stock price is still higher.
- djdole, on 10/12/2007, -0/+1@zacharychaos - "INACCURATE"
Nice catch. I missed that (obviously), so did Digg's spellchecker at the time, (now though it catches it...wtf? Digg moderator spell-check updates maybe?) MS Word totally missed it and still misses it. Google's 'define:' caught it though. :-/ Google should make a spellchecker.
Normally I try to double and triple check the spelling/grammar of my posts so as not to offend.
I sincerely apologies if I annoyed anyone by that misspelling/caps. - pabster, on 10/12/2007, -0/+1I'd be a little nervous too, considering the ENORMOUS price tag. And you though XBox 360 was ridiculously expensive (Well, it is, too.)
I'll put my money on Nintendo. - gabebear, on 10/12/2007, -0/+1@Argle
Stocks do jump up and down when quarterly announcements are made, but it's really not about whether the company has performed well compared to it's past or even it's competitors, it's more about if the company has performed better/worse than analysts predicted. - williamkusumo, on 10/12/2007, -0/+1On another note: http://finance.yahoo.com/q/bc?s=AAPL&t=5y&l=on&z=m&q=l&c=MSFT
- heartless_, on 10/12/2007, -0/+1I don't agree 100% with all of this, but I make this one observation. Everyone reporting how the PS3 has nothing to do with the Sony decline are just foolish. It has a part and has been Sony's largest public face over the recent decline. Sony is ramping up production for a November launch... that is billions of dollars being spent now. Then news of the price point... and not just the fact its high, but also how much Sony is set to lose on each system! Not all of the downturn in the stock can simply be pushed off as "following the trend" because anyone trading stocks is staying far away from Sony. All those short term investors are selling Sony and moving elsewhere.
So to hit the point again... the PS3 is set to lose hundreds of millions (more likely billions) and you can't tell me that has no effect on the stock of the company. - samuraitux, on 10/12/2007, -1/+2@afrokhan
You shouldn't do personal attacks on people. It would have been perfectly fine if you just posted this information on a normal comment. First of all, I know what a pink sheet is so you don't need to enlighten me on that subject. If you would have taken the time on going down the list of comment like I did you would have seen that I already posted about this.
Here is a review:
I did some digging around this and I can 100% say that this is clearly INACCURATE so please be free to report this as what it's really is. First of all, Yahoo US does NOT support Japanese stocks ( http://finance.yahoo.com/exchanges ) Second, ntdoy.pk is really pink sheets and not Nintendo stocks ( http://en.wikipedia.org/wiki/Pink_sheets ) Third, I went to the Yahoo Japan website and found the real stock for Nintendo which is 7974.T ( http://quote.yahoo.co.jp/q?s=7974.t&d=c&k=c3&h=on&z=m and http://finance.google.com/finance?cid=672774 )
Here is the SNE stock compare to the real stock Nintendo stock: http://quote.yahoo.co.jp/q?d=c&c=sne&k=c3&t=3m&s=7974.t&l=on&a=&p=&z=l&q=l&v=on
You can clearly see that compared to Yen ( This is very important due to money conversions since Dollars cost more than Yen. This means since it lost more dollars in the US for a Japanese broker the decrease will be higher ) the stock has only drop 7% compare to the big jump of 16% for Nintendo. This is because of market conditions with a small boost thanks to the Wii. Japan has exceedingly seen a rise in their stocks compare to the US counterpart which has been decreasing for a while.
Now, real traders like me have real broke houses that can trade international stocks so unless you want to gamble your money with a pink sheet go right ahead. Including the wiki article here is a nice article about pink sheets ( http://www.antandsons.com/therealdeal/pinksheetpromotion/ and http://invest-faq.com/articles/trade-pink-sheets.html ) Now if you want to attack me about the sources of these links you can do it but let me assure you that I didn't get this knowledge from stocks from sites like these but from actual books.
Like this digger, you should take your time and review all the comments and data before going on personal attacks. - WackyT, on 10/12/2007, -1/+2What's gonna kill Sony is the cost of and the usage restrictions on the Blu Ray drives. Now if Sony decided to make the Blu Ray drives an upgrade to the PS3, like Microsoft is doing with HDDVD and the XBox360, then the PS3 could be a contender.
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