It’s now the morning after. The dust is beginning to settle after E3 skirmish – a fight clearly won by Sony’s uppercut punch to Microsoft on used games – but now investors are weighing in with early trading on the stock market. So far today the message is clear: Microsoft is down while Sony is up. Sony landed a Big Blow to Microsoft when they announced better content line-up for the PS4.
As of this writing, Microsoft stock (MSFT) has dipped nearly 1.7 percent while Sony’s shares (SNE) have climbed over 1.7 percent. These percentages may not seem like a lot but it’s important to remember that both Sony and Microsoft operate businesses that deal with a lot more than just video games. It’s clear that yesterday’s big E3 news is having an impact on investors’ perceptions.
As for other gaming stocks, EA’s and Take-Two’s shares have climbed slightly while Ubisoft’s and Activision’s shares have dipped. Importantly, GameStop’s shares have increased almost 9 percent on the news about consoles and used games.
[Via Games Industry]
