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SONY STOCK SENT SOARING AFTER MICROSOFT REVEAL

The Sony stock price has gone up exponentially shortly after their competitor Microsoft revealed the Xbox One. This may be just a  coincidence  but it also may be a reaction to the features and lack of info given during the Xbox One reveal. Microsofts stock has taken a slight dip reflecting that this definitely was a bit of a risk that may have not paid off. It’s all too early to really tell but I am sure someone is “poppin bottles”.

GAMESTOP STOCK PLUMMETS OVER 5% DUE TO MICROSOFT REVEAL


As you can see in the pic above, when the conference started this morning Gamestop stock was up higher than it was at opening, but shortly after, the stock began to plummet. The dip is a direct outcome due to Microsoft not being clear or specific about the Xbox One’s used game fee/situation. With Gamestop’s major bulk of business coming from used games, not having Xbox One games on those shelves as used product would be a crushing blow to Gamestop’s bottom line.