toggle

AAPL Stock: 113.99 ( + 1.98 )

Printed from http://www.macnn.com

Sony shares drop because of PS3

updated 02:30 pm EDT, Tue October 3, 2006

PS3 causes Sony share drop

In reaction to an analysis by investment firm Goldman Sachs, Sony stocks have fallen 2.75 percent, MCV reports. Sachs shifted its rating of Sony from "buy" to "neutral," expressing confusion about PS3 launch plans and disappointment in sales of the PSP. The PS3 is further described as "unreliable." A Macquarie Equities analyst foreshadowed these thoughts last week, noting the frequent overheating of PS3s at the Tokyo Game Show. Sony should be thankful however, as the analyst agreed this was probably due to high temperatures in the TGS venue.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

DoxieGo Portable Scanner

Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relat ...

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

toggle

Most Commented