Sony Stock Plunges 3%, PS3 likely to Crash

[ThirdMarioBro]

What causes a 2.75% drop in your stock? Well, if you're Sony, apparently it's your videogame console experiencing technical errors at TGS, just two months before it hits retail shelves in an "almost worldwide" fashion. According to an AP report, these "fresh concerns" come from a report released by David Gibson, an analyst for Macquaire Equities, and stated "We are concerned that such a negative problem has occurred so close to full production and is clearly negative news for the company."

Gibson's report claims that the PS3 units at display at TGS not only operated erratically, but had to be repeatedly reset. Sony denies that there were any technical problems with the PS3 itself. However, this is is contrary to the experience of 1UP at TGS, where when playing Motorstorm an EGM Editor had the PS3 crash/break on him.

Sony spokeswoman Nanako Kato stated that any irregularities experienced by TGS attendees stemmed from poor ventilation and concentrated heat of 200 PS3 units being so close together. "Overheating under such circumstance is a common affliction at trade shows, afflicting not just Sony products, but those of its competitors." She stated this wouldn't be the case in consumer's homes. Obviously she doesn't know how hot it gets in Florida.

Source - 1-Up (http://www.1up.com/do/newsStory?cId=3154183)


Yeah, that speaks for itself.

[Peanut]

You know what's crazy? No one has done the math on this yet. This equates to the Sony stock price dropping $2. They have well over 1 billion pieces of stock. I can't remember the exact number, but I know that this 2.75% drop has cost sony 1.1 billion! That's a lot of cash.

Let's also not forget this also has something to do with the batteries they manufactures for some 4.2 million Dell laptops. All of which need to be recalled, because the batteries actually explode. Something just isn't going right in these Sony manufacturing plants.

[Draconic]

Haha, big deal. The 360 had problems when it first came out last year. --Except, they didn't act erratically, no,
they melted.

If Microsoft can get away with liquid-consoles, I think Sony can get away with some initial erratic behavior.

[ThirdMarioBro]

No, the power bricks melted, and MS replaced those quickly.

[Peanut]

Where did you hear this? No 360's "melted". They just stopped working.

The power brick didn't melt either. I think people get the Xbox power cord recall mixed in with the 360, because it happened around the 360 launch. One Xbox powercord malfunctioned and caught fire, so Microsoft sent out replacement cables to anyone who purchased their Xbox before a certain date.

Might I also say that I've never had any problems with either my Xbox or my 360. And at least MS is replacing out of warrenty 360's from before a certain date for free.

[Jed]

I have a problem with the disc drive on my 360:( At a random point during playing a game (by random point I mean it could be half an hour after I start playing, or it could be 4 hours after I start, doesn't seem to happen any particular time) I can hear a loud click from the disc drive every 2 seconds, then after about 30 seconds of this the game freezes. It isn't scratching the disc so I don't know what's going on. When I play Dead Rising it freezes and gives me a warning that the disc is dirty (it isn't, it's only brand new) and with Saints Row the game just freezes and doesn't give any message. Has this happened to anyone else or has anyone else heard of it happening?

[Peanut]

Nope. Clicking usually means it has something to do with the laser in the drive. I've never actually heard of anyone getting something like that before though, so I'd look into it.

[Kid Icarus]

For $400, a console melting wouldn't be a huge problem.

But if I'm going to lay down $650 after taxes it had damn well better work flawlessly the moment I get it home.

Sony had this comming.

[Dr. Doom]

And it probably won't work anywhere near flawlessly either.

[Spitfire]

This kills Sony http://shop4.outpost.com/product/5017865

Two of those games are currently some of the top 360 games. Plus that's less then the 400 360 so now you get the hardrive model with 3 games. Bad ass deal.

[Dr. Doom]

Yet another premenition of Sony's suicide machine, The PS3.

GameStop details PS3 preorders
In-store program starts Tuesday morning; $100 deposit required, most stores expecting only eight systems.
By Brendan Sinclair, GameSpot
Posted Oct 9, 2006 5:05 pm PT

GameStop has unveiled its in-store PlayStation 3 preorder campaign to GameSpot, and the retail chain looks to be bracing for a shortage of systems at launch day. Starting Tuesday morning, GameStop and EB Games stores will begin accepting "limited" preorders for the system with a $100 deposit. The preorders are "limited" in that very few will be received, and customers will not be guaranteed a PS3 on its November 17 US launch day.

"Most stores will receive a preorder allocation of eight units, while a few select stores will receive 16," a GameStop official said. "In either case, employee purchases will be restricted to a total of no more than two systems per store."

As for how the $100 can be paid, the company will accept cash, credit, or trade-in. Last month, the company conducted a test-run of preorders for the Wii and the PS3 at its Hawaii stores. In that one-day campaign, the company required that customers pay for the systems' $50 deposit with trade-in credit.

Reservations for the retailer's in-store program will be limited to one per household. The company's online preorder program will be revealed at a later date, "after software and accessory availability dates are confirmed."

[Peanut]

http://www.gamespot.com/news/6159583.html?tag=latestnews;title;2

Is there a single Sony exec left who doesn't have his head rammed, to the neck, up his ass?

This guy says the PS3 will sell at the enormous price in Australia, then he goes on to say the 360 won't because it's too expensive and only so many people can afford it? Last time I checked, there was a huge f*cking difference in price between a 360 and a PS3.

I'm getting so tired of these morons coming out and claiming all this bullsh*t every day. Not to mention how they continue to make comments to low-blow the competition to make themselves look better. It's making me sick.

How anyone can still be a fan of Sony at this point completely astounds me. The whole company is full off know-nothing scum bags and liars.

I can't wait to see the PS2 outsell both the Wii and 360 this holiday season too. What a joke.

[Toonami Tom]

F*ck Sony! They are nothing but a bunch of d*uch bags.

[Kid Icarus]

"We think PS2 numbers are going to be huge. Between now and Christmas we're going to put in between 150,000 and 200,000 consoles," Ephraim said. "We think the PS2 is going to be the number one seller full stop by units."

LOLZ! That's really pretty damn funny... DS does that much in a week in Japan, as long as Nintendo keeps shipping.

[Dr. Doom]

That guy needs to die in a kangaroo fire or something.

[R-iZZy]

Wait...... so they expect you to drop $100 on a pre-order and still expect you to pay the retail price (plus taxes) AFTER you've already payed $100 just to wait a month for it to come to you?

GTFOH!

[Dr. Doom]

A little FYI, the Dual Shock's PS3 predecessor is called the SIXAXIS. :\

[Toonami Tom]

Not sure what to think about that. Hmmmm....

[Dr. Doom]

I should explain that SIXAXIS (or six axis) refers to the fact that the controller senses motion in 6 different axiseseses (up, down, left, right, forward, backward).

[Toonami Tom]

That makes sense, thanks for clearing that up.

[Peanut]

http://www.joystiq.com/2006/10/10/sony-australia-wii-a-bit-pricey/

Wow! Same dude, more ridiculous crap. The Wii is now too expensive. I don't know. $400AU Wii, $600AU 360 or $1,000AU PS3? Does this Sony exec really have the right to be slagging the prices of the other guys?

[Dr. Doom]

He's like trying to get nerd-murdered or something.

[Kid Icarus]

Sony are goddamned douche bags. Used douche bags, to clarify. ****ing retards.

I can't wait for PS3 to suck it up at market, and hopefuly for Sony to go ****ing bankrupt. I'm going to cry tears of joy when that happens, regardless of who claims the #1 spot.

[Dr. Doom]

PS3 preorders sold out at GameStop, EBLimited quantities of PlayStation 3 preorders vanish quickly from GameStop, EB Games; information on online, Canadian preorder campaigns coming soon.
By Tim Surette, GameSpot
Posted Oct 10, 2006 6:02 pm PT

Yesterday, GameStop and EB Games outlined the retailers' preorder program for the much anticipated PlayStation 3. With problems stemming from last year's preorder campaign for the Xbox 360 and that system's subsequent short supply, the two retailers buckled down this year, limiting most stores to only eight PS3 preorders and requiring a $100 deposit from customers. The program began this morning when the company's more than 3,500 stores opened their doors for business.

As expected, the PS3 preorders went like next-gen hotcakes. GameStop and EB Games have updated their Web sites with grim news for anyone hoping to reserve one of Sony's next-gen consoles from any of the company's thousands of stores in the US.

Messages on both sites read: "Due to high demand and limited quantities, our US in-store preorder for the PlayStation 3 has ended."

However, American gamers set on getting a preordered PS3 may be able to head north to get that valuable voucher.

The message continues: "Information regarding the launch date of our Canadian in-store preorder will be posted when available. Online console preorder information coming soon!"

Peanut, you could probably make some money off that.

This either means that the majority of people are still ignorant to the nigh Nazi-esque demeanor of Sony and it's execs and their construction of the PS3 as a device of misery and suffering, or it's just a further sign of how ridiculous their 8 (realistically 6) consoles per store allocation is.