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When a company announces that they’ve cut production costs on a flagship product, investors tend to take notice. Recently, an iSuppli report showed that Sony has shaved 35 percent off the production of the PlayStation 3 console, leading to a surge in the company’s share price.
When a company announces that they’ve cut production costs on a flagship product, investors tend to take notice. Recently, an iSuppli report showed that Sony has shaved 35 percent off the production of the PlayStation 3 console, leading to a surge in the company’s share price.
Sony has gained 2.7 percent in today’s trading session on the Tokyo Stock Exchange, outperforming the exchange average gain by 2.4 percent.
Today’s surge has sent Sony’s share price to the highest level in two weeks.
- •Microsoft, Sony Both Pleased with February Results
- •Sony Reportedly Developing PlayStation iPad Competitor, Smart Phone
- •Sony Announces SOCOM 4
- •Sony Acquires Media Molecule
- •PS3 suffering from date glitch that makes PSN inaccessible
- •Sony fixes glitch with PSN
- •SOCOM cheater convicted in grand jury investigation for crashing Sony's site
- •Sony Accidentally Puts Theatrical Film on PlayStation Store
- •Sony still loses about $40 on every PS3 Slim sold
- •Sony reveals new PS3 commercial
- •Sony Considering Subscription Model for PSN
- •Sony finally launches PS2 in Brazil (or, welcome to 2000!)
