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Investors don't like PS3 price cut

Posted on Friday, 21 August 2009 by Speed, source: Gamesindustry.biz
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Sony's stock almost decreasing as much as the size of the PS3
Although the games industry is pretty happy with Sony dropping the price of the PS3, investors and shareholders seem less positive.

How do we know? Well, Sony's stock is falling.
The stock closed down by 1.4 per cent today on the Tokyo Stock Exchange to sit at JPY 2445 (USD 26.02), declining yet further from its peak of over JPY 2770 (USD 29.48) on August 10 - a drop of around 12 per cent in total.
Normally a price cut would mean bigger sales and in the end more profit for a company, but with the current economical climate it's unsure whether Sony will be able to sell enough additional consoles to make up for the drop in price. Hence, investors seem to think that in the short run Sony will be making less profit.
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