WSJ: Strong PS3 projections makes Sony stock a "bargain"
Just as every cloud has a silver lining, every drop in stock value hides within it an opportunity for profit. At least that's what the Wall Street Journal seems to be saying with an article that argues the precipitous 26% drop in Sony stock this year could actually be an opportunity for bargain hunters.The Journal was heartened by the Sony video game unit's quarterly profit over the holidays -- its first in two years -- and sees increasing demand for the PS3 as a good reason to buy low in anticipation of selling high. Sony itself predicts sales of 9.5 million PS3s this year, and the Journal cites analysts predicting a whopping 14 million systems sold in '09. Pretty optimistic, considering the company only moved 3.6 million units in 2007, but with things looking up for the troubled system, it could happen.
Reader Comments (Page 1 of 2)
Crono (NDF - Knight of the Old School) @ Mar 12th 2008 1:35PM
I'm not sure I agree.
Then again, I'm not sure I disagree. Sony hasn't shot themselves in a limb in quite some time.
ThornedVenom (Harley Quinn Defense Force) @ Mar 12th 2008 2:30PM
Apparently entire legs regenerate back.
samfish @ Mar 12th 2008 2:42PM
Like lizard tails?
Marty @ Mar 12th 2008 2:58PM
Considering their stock has been down 2% all day, I can't say much of anyone else agrees either.
Dr. Stabbingworth @ Mar 12th 2008 6:01PM
2% today is no indication of the long-term, which is the point of stocks.
rc @ Mar 12th 2008 1:41PM
Um, actually they moved over 8 million in 2007. Are the writers on this site that ignorant?
Kamall @ Mar 12th 2008 1:43PM
Was it 8 million worldwide or North America?
Marry me Mario PSN: Killjebus @ Mar 12th 2008 2:12PM
They are not ignorant. They just enjoy posting flame Krap like this to get hits.
Yes Kamall, the 8.5 mil is WW sales. Which is almost a million MORE than that Joystiq loved uber successful Xbox 360.
Think about that 8.5 mil systems with NONE of the big hitting software that Sony is known for, a format War, a more expensive pricetag and Sony STILL outsells the only other CURRENT gen hardware out there.
So boys and girls....what do you think will happen when Sony's BIG guns start shooting AND the fact that the format War is over?
I am predicting 15mil+ WorldWide PS3 sales this year. Take that Mike.
rv @ Mar 12th 2008 2:23PM
I predict 50 Million hahahahaha
WhoMe @ Mar 12th 2008 3:03PM
If that is so, a [RECTIFICATION] is in order.
Kamall @ Mar 12th 2008 1:42PM
I always cringe whenever Joystiq posts any Sony/Playstation 3 news. I'm always afraid to look at the comments.
They just do it to have some fun looking at the comments section when the staff is bored. Not like anyone here cares about Sony or PS3 (nor Capcom)
Fernando, where are yooooooooooouuuuuuuuuu????
Fernando Rocker @ Mar 12th 2008 1:49PM
Im here... too busy playing SSBB... I haven't turned my 360 since Sunday =)
Ted @ Mar 12th 2008 2:34PM
Yell his name loud enough, and sure enough He will come...
o.0
benhc911 @ Mar 12th 2008 11:13PM
I've always been a lurker, but I mirror the feeling of dread with regards to PS3 news. To be honest, I havent played a game other than Gears of War and Brawl in the past month or two, but I support all of my systems (R&C was awesome IMO)... as for Brawl, I need to grab my code and stuff it on here, Im looking forward to playing with the Joystiq crew
Crono (NDF - Knight of the Old School) @ Mar 12th 2008 3:43PM
No, you have to say it 3 times and then he'll appear.
borland502 (SDF - Macross Ring) @ Mar 12th 2008 3:49PM
"No, you have to say it 3 times and then he'll appear."
Well, somebody must have been following the rules, because he's just been so damned polite recently. Remember folks:
1. Keep Fernando Out of Daylight
2. Never Get Fernando Wet
3. And Never, ever, feed Ferndando after midnight
E.J. @ Mar 12th 2008 4:39PM
Well, it keeps you coming back, right? What's the point of running a website if you can't get people to visit?
Fernando: Crazy match yesterday with Pit vs. Pit. Just wanted to tell you, good game. Friend me on Live: ACL Terror (with the space).
el serpiente @ Mar 12th 2008 5:04PM
Well, quality information, breaking news and insightful commentary is what should be done to attract readers, not wild conjecture to arouse the same old flame war that have happened a thousand times over.
Oh, and xbox sucks and wii swallows...BOO-YAH!
hvnlysoldr @ Mar 29th 2008 2:08AM
Checking through the archive I came upon this. I'm not sure how strongly PS3 will be this year or next. I'll just point that really the only reasons Nintendo's stocks have seen decreases are due to some stabilizing after near unsustainable increases, fear of recession and weak dollar, and that they still haven't stabilized supply of Wii systems.
rc @ Mar 12th 2008 1:46PM
worldwide, just like the projections for 2008 are worldwide. You would think that people who write about games professionaly wouldn't be completely ignorant about stuff like this. But I guess not. Poorly written flame bait by Mr. Orland.
Kamall @ Mar 12th 2008 1:54PM
Its the PS3, what do you expect? There always needs to be a console everyone can join the fun kicking the crap out of.....like the Gizmondo, N-Gage, Virtual Boy, etc.
Fernando, you said you liked and owned a PS1 and PS2 right? Same here and I acknowledge the many faults with the PS3, but still, no need to act like Sony killed your family and burned down your house right?
I would really like to get a PS3 but then see all the worse ports on it and 360 having the better ports and exclusive games. Too bad it has no built in Wifi and the hardware problems.
Since I've been with PS1/PS2/PSP, its hard to tear away and go to a new brand.
Marry me Mario PSN: Killjebus @ Mar 12th 2008 2:01PM
Kammal,
patience my son. The Playstation brand kicks into high gear during its SECOND full year at retail. The PSone the PS2 did just that. The PS3 will be no different, all you have to do is to see all of the killer software due this year.
No amount of Joystiq flame baiting can change that and mark my words they will be singing the PS3's praises by the end of the year and everyone will conveniently "forget" all of the negativity surrounding the PS3 just as they did with the PS2.
Kujel @ Mar 12th 2008 1:52PM
Sony wont even sell 6 million units this year.
SUPER DESU @ Mar 12th 2008 1:59PM
Considering they were involved in a decisive format war and had virtually no games for the system, they still managed to flog over 8 million units.
This fiscal year, they have huge exclusives being released on the back of winning the hi-def format war.
I have a feeling they'll sell a tad more than 6 million units, don't you?
el serpiente @ Mar 12th 2008 5:07PM
Do not question Kujel, he is a certified expert qualified to comment...
on the smell of his own farts.
Marry me Mario PSN: Killjebus @ Mar 12th 2008 1:54PM
Hey Mr. Orland,
FYI
The PS3 sold about 8.5 million PS3's in 2007 which is MORE than the 360 sold. Why do you bother posting this blatant flame baiting Krap? I am sure you meant 3.6 was for the North American continent only but somehow curiously fail to mention the Sony prediction is for WORLD WIDE SALES, as is the WSJ 14 million.
Just give it up already.
Dont you know that bashing the PS3 is SOOOOOO 2007?
rc @ Mar 12th 2008 1:57PM
Much like the comment section is loaded with trolling turd mulletheads like Fernando, the writers on this site seem to have the same affliction.
deaftly @ Mar 12th 2008 1:57PM
/me gives a tissue to all the sony fanboys crying
You guys are so lame.
rc @ Mar 12th 2008 1:59PM
right cool aid man, it's so fanboyish to expect someone to post accurate information instead of bullshit.
Marry me Mario PSN: Killjebus @ Mar 12th 2008 2:05PM
Down to the last couple of straws on the hate Sony camel eh Joystiq?
An end of the bash Sony FAD is coming and the Playstation brand will come out stronger than ever.
Kamall @ Mar 12th 2008 2:33PM
Of course deaftly, ONLY Sony fanboys can be annoying, whiny, bitchy, and lame.
Xbox and Wii fanboys are fucking perfect, if they whine, they have perfect reason to. If a 360 fanboy's console breaks down and he cries, its okay. If a Wii fanboy complains his console doesn't have enough games, its okay.
If a PS3 owner complains of the same, he's a emo whiny little bitch.
Oh the damn hypocrisy kills me. : /
deaftly @ Mar 12th 2008 2:57PM
ALL fanboys are fucking retarded. Sony fanboys just come off as the most whiny little bitches around though. Its like they have to keep telling themselves they made the right purchase, sad.
Vidikron (FU) @ Mar 12th 2008 3:17PM
Face it, deaftly, you got owned on this one. There's a legit gripe here considering Joystiq missed the actual PS3 sales numbers by 220%. People were pointing that out and then you them lame? LOL.. that was just a dumb move.
Vidikron (FU) @ Mar 12th 2008 3:18PM
*call them
borland502 (SDF - Macross Ring) @ Mar 12th 2008 3:32PM
"ALL fanboys are fucking retarded...sad"
Says the bitter heckler posting on a video game blog that owns all three current systems, a Dreamcast,and God knows what other badge of nerd-dom.
I'm really feeling the burn dude.
deaftly @ Mar 12th 2008 3:38PM
modded Xbox, Genesis, Sega CD , PSP, DS , Gameboy, GBC, GBA SP. Working on getting a Saturn, Virtual Boy and 3DO for utter nerdness. :P
Pointz @ Mar 12th 2008 2:00PM
Why do they think PS3 is gonna sell over 9 million this year? Metal Gear ain't no system seller no more. Twin Snakes didn't sell Cubes and Snake Eater didn't sell PS2's. FFXIII ain't coming out this year so what Killer App have they got as a system seller for this year?
360 has Gears 2 as a system seller, and Wii still has Wii fit and Smash Bros, for the other territories.
rc @ Mar 12th 2008 2:14PM
They think it's gonna sell more than 9 million because it sold almost that many last year and this year it has MGS4, Little Big Planet, Resistance 2, Killzone 2, Eight Days, The Getaway, Gran Turismo 5, Heavy Rain, inFamous, MLB the show, Motorstorm 2, SOCOM Confrontation, Tekken 6, Wardevil, White Knight Chronicles and possibly God of War 3 and Final Fantasy XIII this year. worry about your x-box, it sold less than the PS3 last year and will get killed this year.
AK @ Mar 12th 2008 2:48PM
Why the hell would someone worry about a video game machine?
Even if my console of choice doesn't become the console with the most sales, it doesn't affect how much I will enjoy it.
ComicShaman @ Mar 12th 2008 3:51PM
"Twin Snakes" was a remake. By the time "Snake Eater" came out, the PS2 already had a huge install base. I think you're looking at different circumstances with MGS4.
diamond @ Mar 12th 2008 2:19PM
Pointz-
Metal Gear, GT5, and Little Big Planet are going to be huge sellers this year. Sony is even packaging MG into the F'n 80gb bundle come june. THAT is going to sell systems. The game is hyped as a mofo. Gears 2? I have a 360 (and wii) and gears game sorta f'n sucks. i dont get the hype to that game. F GEARS. I will probably want to sell my 360 come years end if PS3 succeeds in pulling its head out of its ass.
Pointz @ Mar 12th 2008 2:25PM
Yeah RC. Those are exclusives, I didn't know God of War 3 would be coming out this year cause that's a system seller and LBP has even me intrigued.
Phranctoast @ Mar 12th 2008 2:37PM
GOW3 wont see 08 imho, and will be released March 09.
Same with the new Twisted Metal Game. FF13 is iffy. I think 13 will make this year with Vs following next year.
ThornedVenom (Harley Quinn Defense Force) @ Mar 12th 2008 2:33PM
Am I the only one who tends to avoid posting whenever "Marry Me Mario" (the artist formerly known as Kayrazy Ken) goes psycho with his ever most dashing success in his PS3, despite not owning a time-traveling DeLorean?
ThornedVenom (Harley Quinn Defense Force) @ Mar 12th 2008 2:35PM
ever most dashing confidence in the success of**
Joystiq posts really should be editable.
samfish @ Mar 12th 2008 2:42PM
The trolls 'round these parts have become rather unbearable as of late. (Except Fernando, he's been doing rather well). But I find myself posting less and less the last few weeks because of it.
Ah well...there's always Kotaku.
Pointz @ Mar 12th 2008 2:52PM
You and me both. I can't stand the face tbh.
Crono (NDF - Knight of the Old School) @ Mar 12th 2008 3:17PM
Trolling is definitely starting to get out of hand.
Vidikron (FU) @ Mar 12th 2008 3:23PM
He can be over top top and is definitely vocal, but I really don't see how he's trolling here. He hasn't even ranted against any of the other systems. He's just been bashing on Joystiq... which considering they missed the PS3 sales numbers by 220%... well, they sort of deserve it. I think you guys hate it when he's right.
Vidikron (FU) @ Mar 12th 2008 3:32PM
*over the top
I can't type properly today :(