Nintendo and Sony stock prices rise following Xbox One reveal
Today saw Microsoft share with the world their next-generation ambition, contained within what is now known as Xbox One.
Their hour-long presentation consisted of showcasing new multimedia features, voice commands to control applications, continued timed exclusivity on Call of Duty downloadable content, and the announcement of entering a “strategic partnership” with EA. Careful Microsoft, we know how that usually ends.
Yet it wasn’t enough to satisfy investors, seeing their stocks take a minor -0.53 percent dip following the presentation. It’s always interesting to see how much impact such an event has on competitors, however.
Clearly demonstrating that one company’s loss is another’s gain, as Nintendo and Sony saw more favourable returns with the Japanese giants seeing gains of 2.2 percent and a substantial 9.3 percent respectively.