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US Sony shares on the rise following Blu-ray victory

Posted on February 20th, 2008 at 07:11 EDT

North American shares of Sony Corporation rose by as much as 5 per cent yesterday on the strength of its victory in the high definition format war, following Toshiba’s shock plans to discontinue support of its HD DVD platform.

The company’s shares recorded a session high of USD 47.07 on the New York Stock Exchange, later easing to USD 46.30, up USD 1.52 (3.4 per cent) from Friday.

Ralph Shackart, an analyst at William Blair, said that the success of Blu-ray is likely to fuel an increased uptake in the number of PlayStation 3 consoles sold, telling Reuters:

"We believe Blu-ray's victory could drive market share gains for the PS3, as we believe consumers will now be more willing to pay up (versus 360) for the standard Blu-ray player.”

Source

Next: Analyst: Blu-ray still faces challenges

David Mercer, the principle analyst for Strategy Analystics, has said that Sony’s Blu-ray format still has a lot of ground to cover in terms of convincing consumers...

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What are your thoughts?
posted 7:13am EST - February 20th, 2008
1

I wish I could afford stock.

posted 7:19am EST - February 20th, 2008
2

^lol. if you think that ppl are going to buy alot more ps3 consoles, just wait until another price drop occurs

posted 8:30am EST - February 20th, 2008
3

psn id: gingo.... i dont think it was exactly a shock plan for toshiba to stop the manuifacture of hd dvd items because it was getting mauled in sales by blu ray

posted 8:42am EST - February 20th, 2008
4

wow who didnt see this coming

posted 8:43am EST - February 20th, 2008
5

If you guys want to hear something funny, Toshiba stock rose as well. Figure that one out.

posted 8:50am EST - February 20th, 2008
6

So when are Paramount and Universal coming over to Blu-ray? I want Transformers on BD!

posted 9:17am EST - February 20th, 2008
7
@ muzikguy - LOL
posted 10:02am EST - February 20th, 2008
8

@jicaley

Universal already is on BLU

posted 10:12am EST - February 20th, 2008
9

stock confused me but i like the title soooo gooo sony!

posted 11:12am EST - February 20th, 2008
10

per cent indeed.

posted 11:15am EST - February 20th, 2008
11

I thought HD DvD was going to win. i must of misscalculated.LOL

posted 11:16am EST - February 20th, 2008
12

The ps3's are going to sell faster than a retard buying a HD-DVD player at half off.

posted 12:04pm EST - February 20th, 2008
13

It was only a matter of time.  Are we really that surprised to see BD taking over?  I mean seriously.  The fact that the PS3 was also a BD player was a major selling point in my book.  Now I'm sure many others will agree, and make their next purchase of a console one that is truly worth it's price.

posted 12:38pm EST - February 20th, 2008
14

@ Muzikguy ...Damn! you're right Toshiba Corp stock is up. I am no stock exchange expert but something like this should have made toshiba's stock go down faster than a Thai hooker. Something's not right here.....

posted 12:51pm EST - February 20th, 2008
15

As we all already know, 2008 has been known as the Year of the PS3 because the PS3's blockbuster exclusives are coming out this year and the PS3 is going to be making a big comeback, but the victory of Blu-Ray was a really big plus for Sony in 2008 and the PS3.

Right now the PS3 has the most momentum and that momentum is definantly going to carry over until Metal Gear Solid 4 no doubt.

posted 2:17pm EST - February 20th, 2008
16

Once again this is how I'm starting to see things:

*Home* - Who knows? When it will arrive or if it will be sucessful? *LBP*? Same. *MGS4* - Delayed. *Haze* - Delayed - If it's not a Halo killer or comes close it will be a failure due to the delays. *Killzone 2* - It might look great, but I certainly hated the first one, so why should I look foward to this one? *FFXIII* WHO REALLY KNOWS? *GTP* - I guess people are looking foward to it, but I'm not a racing game fan at all, it's more like a simulation not a game to me. *GTA4* - 360 has more content. So really? How good are things looking? It might have started selling better then the 360 but I'm seeing Too Human, Fable 2 and Gears of War 2 in the future of the 360. Can you guys truly tell me their exclusives can't compete with ours?

posted 4:36pm EST - February 20th, 2008
17

This was really predictable

posted 5:05pm EST - February 20th, 2008
18

Stickemup - Yes We can, Too Human- Equals absolute Sh!t or are you that blind, Fable 2- If by some miracle you actually thought the first one was good then maybe this one could be decent but the first one was terrible and Peter Molunui (or however you spell it) is know to be a liar and always puts out half a**ed games, Alas Gears of War 2 most likely wont come out this year unless you expect them to just cancel UT4 for the 360 and even if it does do you think people are going to say I must get a 360 for Gears of war 2 even though I haven’t played the first one. All the games you listed for the PS3 will sell more systems period, MGS4 will not be Delayed, Haze who cares if it’s a Halo Killer, Halo3 was the last one so there’s no reason to try to compare a game to it, even if it delayed again when it does come out people will buy it me included, FFXII and VS, “who really knows” every one it will sell millions Duh, GT-Pro. will sell millions just like all the ones before it not as many as the Next full GT game but it will sell millions, Killzone 2 will sell because it will be the best looking game in any console when it comes out and that will appeal to people and Even if GTA4 does sell more on the 360 it wont be by much, and because all the other games sold great who cares.

ON TOPIC- Every one knew that the stocks would go up after H-DVD died so its no suprize but very good news none the less.

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