Sony Share Price Drops After Dodgy PS3 Previews

Sony’s share price dropped 2.7 percent yesterday to $39.09 following some decidedly wobbly PS3 console performances at the Tokyo Game Show just under two weeks ago. Macquarie Securities analyst David Gibson reported on Monday that consoles on display had problems and had to be reset several times, and also suspected overheating problems. He hasn’t changed his outperform status on the company’s shares, but Goldman Sachs downgraded to neutral citing concerns about the delay of the PS3 launch and disappointing PSP sales.
Shares have fallen a total 5.3 percent since Wednesday.
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This article originally appeared in MediaGuardian.