So the Xbox One has been unveiled and as a result, Sony stock surged. …wait, what?
Well, it's true. Immediately after Microsoft announced their new console, Sony shares jumped over 8%. Shares were then trading at about $22.70, which is a definite increase.
Microsoft's "all-in-one" living room entertainment console will launch later this year (no date or price yet), and it features 8GB of RAM, the x64 processor, USB 3.0, and a Blu-Ray drive. It also has a new controller, a DVR-like feature (similar to the PS4's), and "15 exclusive" titles set to release in the first year of the system's life. One major exclusive – Forza Motorsport 5 – will be available at the console's launch.
But maybe that just wasn't enough to impress people. Maybe they still think Sony has the edge heading into the holiday season. Of course, we still need dates and prices for these systems before we can make any accurate predictions, right? I think we do.