Sony Cuts PS3 Price by $100, Announces Slimmer PS3 SKU
Event/Details:
Sony just announced a long-awaited and anticipated price cut for PS3 hardware, along with a new, slimmer version
Category: SNE
Beats, but Only Reiterates Outlook Due to Ongoing Risks
Sony Corporation
Rating: Sector Perform
Price: 27.82
Reiterates outlook after beating Q1 EPS. Sony beat our and consensus FQ1 (June) earnings estimates, but missed our sales forecast, which was ahead of the Street. It reiterated its fiscal-year guidance. Expectations were very low due to ongoing global macroeconomic weakness; results were therefore better than expected. While Sony does not guide to quarterly results, it beat its internal forecasts.
E3 Day 3: SNE Has Expected Surprises, Nintendo Doesn’t Satisfy High Expectations
Event:
Nintendo and Sony held their E3 presentations today
Nintendo and Sony held their E3 presentations today
Details:
Sony introduces its take on the Wii-mote but may be too late to the game. Sony unveiled a new hybrid controller scheme that combines camera motion sensing with wand controllers that appear to be slightly more advanced Motion Plus Wiimotes. This is the technology that was demo’d for developers at GDC in March and we wrote about then and in our preview. It is expected to launch next Spring.
SNE - June 3rd, 2009 — 9:30am