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Sony Stock Price Jumps 9% Following Xbox One Reveal

Posted on May 22, 2013 AT 02:40am

Following Microsoft’s unveiling of the Xbox One yesterday Sony’s share price has risen by nine percent. Was it really that bad?

The company’s stock price has fallen by around 1.23 percent before the presentation, but then jumped two percent in after hours trading, GamesIndustry reported. The stock continued to rise and is now sitting at an increase of 9.25 percent.

The reaction to the Xbox One has been mixed, with some loving the look, new features, and games, however there are some who are upset about certain restrictions that Microsoft is imposing–such as the fee for pre-owned games.

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