Sony Shares Rise, Analysts Display Their Brilliance
In a display of complete predictability Sony’s stock prices rose almost 5% after Toshiba’s announcement that they will be pulling HD-DVD support, essentially cedeing the format war to the Blu-ray camp. In the wake of this, many analysts have chimed in with brilliant observations that many amateur observers of the format war made months ago, and that could have been made by anyone with a basic knowledge of business. Some of their amazing insights included the fact that the PS3 having an integral Blu-ray player will be bad for Microsoft as they’ll have to scramble to get a Blu-ray add-on on the Xbox 360 and that people who were nervous about purchasing a piece of technology which could potentially become obsolete will be much more likely to buy a PS3 or other Blu-ray player.