Microsoft Stocks Down Following Xbox One Reveal, While Sony’s are up Nearly 9% (Update: GameStop’s Stocks Down 5%)
Update: Possibly having to do with the Xbox One and it looking to force people to pay a fee to play used games on the system, GameStop’s stocks have taken a drop of about 5%, but it’s been fluctuating like crazy lately and has reached as high as 6% recently:
Original Story: Following the Xbox One event that recently finished up, the stock market has revealed that Microsoft is actually down around 0.70%, with Sony posting a rise of about 8.5%. Looking at their full numbers, Microsoft is hovering around a 34.83 a share and Sony is at roughly 22.68.
What these numbers could mean is that, after seeing everything the Xbox One has to offer, interest in the PlayStation 4 is higher than Microsoft’s new system, with investors worried about the direction Xbox One is taking.
With E3 just a few weeks away, it’ll be very interesting to see what happens to Microsoft and Sony’s stocks as they reveal more information about the Xbox One and PlayStation 4.
Do you think the drop for Microsoft is warranted? Are you prepared for a special edition Ask PSLS very soon? And an even specialer Daily Reaction? Let us know in the comments below.