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Stock Market & Financial Investment News

News Breaks
April 17, 2014
06:08 EDTSNESony says PlayStation 4 sales surpass 7M units worldwide
Sony Computer Entertainment announced that the PlayStation 4 computer entertainment system has cumulatively sold through more than 7M units globally as of April 6, demonstrating the rapid growth of the PS4 platform. Andrew House, President and Group CEO of Sony Computer Entertainment, says “The PS4 journey has just begun, and although we are still facing difficulties keeping up with the strong demand worldwide, we remain steadfast in our commitment to meet the needs of our customers, and surpassing the wildest expectations of gamers by delivering new user experiences that inspire and engage. We look forward to unveiling many of these experiences to our fans in the coming months.” PS4 software sales also remain strong with more than 20.5M copies sold in retail stores worldwide and through digital downloads on PlayStation Store as of April 13.
News For SNE From The Last 14 Days
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October 24, 2014
05:56 EDTSNESony to launch 12-inch tablet in 1Q15, DigiTimes reports
Sony Mobile will launch a 12-inch tablet in 1Q15, reports DigiTimes. According to Taiwan-based supply chain makers, several other vendors are also developing large-size vendors for launch in Q1 and Q2. The sources pointed out that Sony's 12-inch tablet will feature high-end specifications and come with a stylus. Reference Link
October 23, 2014
07:53 EDTSNEAlibaba CEO ups Hollywood content pursuit with studio meetings, Bloomberg says
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06:58 EDTSNESony Mobile to amend strategy for releasing flagship models, DigiTimes says
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06:05 EDTSNEApple defeats GPNE civil patent suit, Re/code reports
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October 22, 2014
08:59 EDTSNESony may lower smartphone target for second time this year, Bloomberg says
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October 21, 2014
14:09 EDTSNEThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
07:49 EDTSNESony November volatility elevated into Q2 and investor meeting
Sony November weekly call option implied volatility is at 34, January is at 28, April is at 29; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on October 31 and a company sponsored investor meeting on November 24.
October 19, 2014
18:38 EDTSNESony's ‘Fury’ wins at the box office,'Gone Girl' keeps second place, WSJ says
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October 17, 2014
06:30 EDTSNENPD: Sony PlayStation4 outsells XBox One in September, GameSpot reports
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06:26 EDTSNESony says PS4 September's top-selling console
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October 16, 2014
07:48 EDTSNESony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
October 15, 2014
12:58 EDTSNESony has 40% upside potential, Barron's reports
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October 13, 2014
07:22 EDTSNESony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
October 10, 2014
07:04 EDTSNEAmazon in talks to join digital locker for movies. WSJ reports
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