Sony Stock Downgraded to Junk Status - Finally!

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#1 Edited by KaosAngel (13765 posts) -

The Sony corporation has finally got their stock value downgraded to junk.

A kick well deserved seeing as this company has done nothing for gaming or even the electronics industry for the past five years.

Their junk status stock goes into full affect soon and hopefully they go down for good.

What say you guys?

Link and Proof

#3 Edited by cannonballBAM (601 posts) -

@KaosAngel: Someone doesn't like playing Uncharted online.

edit: I have never heard of someone so excited for future unemployment before.

#4 Posted by SethPhotopoulos (5207 posts) -

I like the PS3 and it's games quite a bit. I'm sorry for them.

Online
#5 Posted by laserbolts (5317 posts) -

Why would you want Sony to be done? What would you gain from that?

#6 Posted by MariachiMacabre (7071 posts) -
@laserbolts
Why would you want Sony to be done? What would you gain from that?
Because he's a troll.
Online
#7 Posted by KaosAngel (13765 posts) -

@cannonballBAM: @SethPhotopoulos: @laserbolts: That's what Sony gets for disrespecting fans for that shit of a roster for All-Stars. Plus I got the pre-order costume code for the game from Amazon and it doesn't even work on the Vita.

#8 Posted by Flappy (2188 posts) -

@MariachiMacabre said:

@laserbolts
Why would you want Sony to be done? What would you gain from that?
Because he's a troll.

Say it ain't so!

#9 Posted by cannonballBAM (601 posts) -

@KaosAngel: Irregardless of my comment earlier, that is really childish. Either your trolling or that is the worse excuse for retribution against a multi-million dollar company housing hundreds of thousands of jobs worldwide. Your an idiot.

#10 Posted by FancySoapsMan (5814 posts) -

This is a dumb thread.

You are a dumb person.

#11 Posted by KaosAngel (13765 posts) -

@cannonballBAM: Maybe so good sir, but how can you have a game called "PLAYSTATION ALL-STARS" and NOT have a single Squaresoft character or anyone from the god damn 90s that made the fucking brand.

Regardless, Sony made their mistake and I for one can't wait to see how Sony tries to spin this in the coming week. Hopefully they wake the fuck up now or better yet someone like Google, Microsoft, or Apple buys them up and fixes it for them.

#12 Posted by George_Hukas (1317 posts) -

@KaosAngel said:

A kick well deserved seeing as this company has done nothing for gaming or even the electronics industry for the past five years.

#13 Posted by KaosAngel (13765 posts) -

@FancySoapsMan: This is a pretty serious issue. I don't think you understand just how serious this is when it comes to the future of anything Sony related. A lot of bad shit will happen in the coming weeks and a lot of people will be losing jobs....a lot.

#14 Posted by BestUsernameEver (4825 posts) -

@KaosAngel said:

@cannonballBAM: @SethPhotopoulos: @laserbolts: That's what Sony gets for disrespecting fans for that shit of a roster for All-Stars. Plus I got the pre-order costume code for the game from Amazon and it doesn't even work on the Vita.

For a user with so many posts, I am surprised by the level of flaming here. Competition is always good, hoping a company goes under just because of your own preferences is childish at best.

#15 Posted by Canteu (2821 posts) -

@KaosAngel: Waitagoddamnminute...I thought you said yourself you weren't going to troll anymore because of work!

You lied to us all Kaos!

#16 Posted by KaosAngel (13765 posts) -

@BestUsernameEver: Is it though? Seriously compare what Microsoft has done for gaming this generation and then look at Sony. I'm sorry but the truth is that Microsoft has done more positives these past 6 years than Sony did. Microsoft unified the system for making games on PC, standardized the controller for it, perfected online and just pushed everything further into the future where it needs to be.

Sony has been riding off the high of the PS2 and has made shit mistake after shit mistake. Their electronics are overpriced pieces of shit, their android phones don't even have 3.0 or 4.0, and they are still making the same mistakes.

Their own arrogance fucked them up and it's finally good that someone slapped them across the fact to wake the fuck up and fix their shit.

#17 Posted by Freshbandito (677 posts) -

I'm not sure whether the topic creator thought his posts were funny or if he really believes his vitriol. Either way it's mainly their television arm that's making huge losses for them, their videogame hardware/software sections are about all they have going for them right now so this thread's logic seems entirely askew.

#18 Posted by MrKlorox (11209 posts) -

This news downgrades my junk's status. I had a raging erection before clicking, but now I'm absolutely flaccid.

#19 Posted by KaosAngel (13765 posts) -

@Canteu said:

@KaosAngel: Waitagoddamnminute...I thought you said yourself you weren't going to troll anymore because of work!

You lied to us all Kaos!

Not trolling, had to spin it and it had to come with a catchy title. It worked and hopefully people see how serious it is. First thing I learned from my mentor Jim Sterling, make sure your title is catchy and people read it so they know what's going on.

#20 Posted by SethPhotopoulos (5207 posts) -

You're a Pizza.

Online
#21 Posted by BestUsernameEver (4825 posts) -

@KaosAngel said:

@BestUsernameEver: Is it though? Seriously compare what Microsoft has done for gaming this generation and then look at Sony. I'm sorry but the truth is that Microsoft has done more positives these past 6 years than Sony did. Microsoft unified the system for making games on PC, standardized the controller for it, perfected online and just pushed everything further into the future where it needs to be.

Sony has been riding off the high of the PS2 and has made shit mistake after shit mistake. Their electronics are overpriced pieces of shit, their android phones don't even have 3.0 or 4.0, and they are still making the same mistakes.

Their own arrogance fucked them up and it's finally good that someone slapped them across the fact to wake the fuck up and fix their shit.

And yet they have the cross play promotion where you get a vita or ps3 copy for free with one purchase, they have free online with no ads, compared to microsoft's ad riddled payed online service. They make good android phones, and are at least putting something out there for mobile gaming, sure it's not good, but it's a hell of a lot better than Nintendo's mobile efforts (nothing). You can hate on Sony all day, in fact I am not a big fan of them in general, but they're a tech company that makes good products and services. Wishing doom on something that doesn't align with your narrow views means nothing to me, and shouldn't have been made into a thread. Have a good day.

#22 Posted by Canteu (2821 posts) -

@KaosAngel: Sure, right. But damn Kaos if this isn't trolling I don't know what is.

#23 Posted by ProfessorEss (7309 posts) -

I don't want Sony to die per se but I do have to wonder if this will finally make them realize that they are no longer the high-end, boutique electronics manufacturer that they were back in the 80's.

I understand being proud of your product and trying to push yourself as a premium brand but a lot of their products no longer back this claim up and it seems most people have realized that their stuff is not worth the price they're asking and that you can can an equal (or often better) product for much less.

#24 Posted by KaosAngel (13765 posts) -

@BestUsernameEver: Cross-Buy is recent, the people who look over stock for Sony look over everything. TVs, Electronics, gaming, mobile, etc...Sony Android phones aren't selling like they planned and it doesn't help they use really old versions of Android. TV is falling like a rock. Music is barely making profit and they only have the gaming division...and even with that they fucked up and lost a lot of money the first couple years of the PS3.

They fucked up with the Move too when they had to tech to make the Kinect well before Microsoft.

As a whole Sony fucked up more than anyother electronics company post-2000 and no one can deny that.

Microsoft, Google, and Apple all rose up from no where and standardized everything. Sony is still being retard doing this their way.

#25 Posted by KaosAngel (13765 posts) -

@ProfessorEss said:

I don't want Sony to die per se but I do have to wonder if this will finally make them realize that they are no longer the high-end, boutique electronics manufacturer that they were back in the 80's.

I understand being proud of your product and trying to push yourself as a premium brand but a lot of their products no longer back this claim up and it seems most people have realized that their stuff is not worth the price they're asking and that you can can an equal (or often better) product for much less.

If this doesn't wake them the fuck up...then they deserve to fucking crash. Sony has had too many passes and too many second chances.

#26 Posted by DharmaBum (1049 posts) -

Don't worry - PS Smash Bros, LBP Karting, and the Vita will save the day.

#27 Posted by mandude (2669 posts) -

So because you simply don't like something, you would actively wish harm upon them?

At least admit that you're trolling, because the alternative is that you're a dick.

#28 Posted by aurahack (2270 posts) -

> Disappointed by character roster of a joke party fighting game.

> Consequentially hopes for the unemployment of tens of thousands.

Seems fair.

#29 Posted by SethPhotopoulos (5207 posts) -

@mandude said:

So because you simply don't like something, you would actively wish harm upon them?

At least admit that you're trolling, because the alternative is that you're a dick.

Why does it have to be mutually exclusive?

Online
#30 Posted by yyZiggurat (1014 posts) -

@BestUsernameEver said:

Competition is always good, hoping a company goes under just because of your own preferences is childish at best.

It' seems like it's something even more trivial than that for him:

"My preorder code doesn't work and Cloud wasn't in PS:Smash-Mascots, I hope this company burns!"

Sony has a ton of mistakes in the years leading up to this, KaosAngel's preorder code among them. Anyone remember the PSP Go?

#31 Posted by Colourful_Hippie (4337 posts) -

Collusion!

#32 Posted by ThunderSlash (1644 posts) -

@yyZiggurat said:

Sony has a ton of mistakes in the years leading up to this, KaosAngel's preorder code among them. Anyone remember the PSP Go?

Nope

#33 Posted by CornBREDX (5046 posts) -

Kind of like this thread. 
Junk.  
This thread is junk is what I'm saying. 
 
Hating on Sony because you don't like how a game they published came out and basically wishing they would lay off a ton of people.  
Classy.

#34 Posted by AhmadMetallic (18955 posts) -

I don't get all the economic mumbo jumbo in that article, give me the bottom line Kaos

#35 Posted by KaosAngel (13765 posts) -

@yyZiggurat said:

@BestUsernameEver said:

Competition is always good, hoping a company goes under just because of your own preferences is childish at best.

It' seems like it's something even more trivial than that for him:

"My preorder code doesn't work and Cloud wasn't in PS:Smash-Mascots, I hope this company burns!"

Sony has a ton of mistakes in the years leading up to this, KaosAngel's preorder code among them. Anyone remember the PSP Go?

At least you get it. Sony has fucked up so much post-2000, so damn much. It's everything leading up to it. They lost out of every industry they were king but they still acted like kings. Guess what Sony! Apple, Google, and Microsoft walked into and created the god damn future but you guys didn't give a fuck.

Their own arrogance at thinking they are the best is what killed them. All of their little mistakes added up and all their bigger mistakes helped speed it up.

They lost out of MP3 to Apple for not taking the charge, they made the stupid choice of not going into digital but rather push for Blu-Ray, they fucked up the PS3's first couple years, lost out of Kinect when THEY HAD THE FUCKING TECHNOLOGY FOR IT, etc. It all adds up.

#36 Posted by Animasta (14667 posts) -

sorry, you're a dumb this thread is a dumb

#37 Edited by KaosAngel (13765 posts) -

@AhmadMetallic said:

I don't get all the economic mumbo jumbo in that article, give me the bottom line Kaos

Sony is in a lot of trouble right now. A lot of people will be confirmed to be fired before the year ends and parts of Sony will more than likely be sold or bought off from other companies. Sony will try to salve the best of this in the coming weeks to make sure all the vultures in other tech companies don't take over.

EDIT: This will also have affect on the PS4 without question. Sony has no cash and if you think Sony is going to do some crazy ass future tech again you would be in the wrong.

#38 Posted by FunkasaurasRex (847 posts) -

Man that's some hysterical-ass vitriol.

Sony's certainly made a lot of missteps during the current console cycle, but they seem to do alright by their users between less invasive advertising, free online play and some pretty great exclusive games. I'm certainly no fanboy but I really don't think they're nearly as malicious as the OP seems to be suggesting (at least when compared to the competition).

#39 Posted by TheHT (11093 posts) -

NEW. JUNK. CITY.

#40 Posted by Hailinel (24283 posts) -

@cannonballBAM said:

@KaosAngel: Someone doesn't like playing Uncharted online.

edit: I have never heard of someone so excited for future unemployment before.

That's KaosAngel for you.

Online
#41 Posted by KaosAngel (13765 posts) -

@FunkasaurasRex said:

Sony's certainly made a lot of missteps during the current console cycle, but they seem to do alright by their users between less invasive advertising, free online play and some pretty great exclusive games.

Sony isn't a gaming company. They are a technology/entertainment company that has money in electronics (which are all failing), mobile (which they fucked up android by not having the current updates in years), etc. The people calling this aren't looking at Sony's gaming division...they look at Sony for what they are as a whole.

As a whole Sony has fucked up more than any other technology company in the past 10 years.

#42 Posted by Bourbon_Warrior (4523 posts) -

They have done nothing for gaming? Really? The Uncharted series came out in the last 5 years. I sold my PS3 after Uncharted 2 because someone was offering me a decent amount of money for it and have always enjoyed Xbox and it's exclusives more but no way do I want Sony to die, they are a huge company in Japan that is still struggling after the Tsunami and with no competition to Xbox it wouldn't have enough pressure to step up their shit each year. I don't see how any gamer can be glad Sony is failing.

#43 Posted by KaosAngel (13765 posts) -

@Bourbon_Warrior: Compare the advancements Sony made this generation compared to Microsoft. You can't deny that as a whole Microsoft has pushed forward with standards to the industry that Sony just isn't getting. Again, the stock is not based on PlayStation it's based on the entire company and as a whole Sony has fucked up too much the past 10 years and it's finally gotten to the point where shareholders want change now.

Sony has no cash on hand, lost first place in EVERY electronics division, and struggled to keep the PS3 up to par...and let's not even mention Sony's retarded idea that handhelds are still needed in a post-mobile world.

All of these things are finally added up and it's enough for shareholders.

#44 Posted by Karkarov (3056 posts) -

My only question is why hasn't this thread which is nothing but blatant flame bait and trolling been locked yet?

#45 Posted by Nekroskop (2786 posts) -

If Sony backs out of the console business for good, expect even more ads and double the price for gold accounts on the next Mt.Doritobox420.

#46 Posted by mosespippy (4103 posts) -

Sony's only profitable division right now (and has been for a while) is the Playstation division. A responsible business would close all the non profitable projects, which would currently make Sony a gaming company only.

@Bourbon_Warrior: You're wrong. Uncharted is 5 years and 5 days old.

#47 Posted by KaosAngel (13765 posts) -

@Karkarov said:

My only question is why hasn't this thread which is nothing but blatant flame bait and trolling been locked yet?

Cause it's a serious issue. I don't think you realize just how big news this is to the industry that Sony's stock after being so low has finally hit junk status. This has legit ramifications to the future of Sony and in the coming weeks it'll just get worse. If you knew anything about business and stock you'd understand this.

#48 Posted by Bourbon_Warrior (4523 posts) -

@KaosAngel: Kind of makes sense all these crazy deals people are getting with PS+ guess Sony just needed some cash up front.

#49 Posted by KaosAngel (13765 posts) -

@mosespippy said:

Sony's only profitable division right now (and has been for a while) is the Playstation division. A responsible business would close all the non profitable projects, which would currently make Sony a gaming company only.

@Bourbon_Warrior: You're wrong. Uncharted is 5 years and 5 days old.

Which is why Sony is damned either way. Either they spend money to fix all their shit (which will cost them to restruction and fire a shit load of people) or they focus more on gaming and they turn into a gloried Nintendo.

Either way, Sony is beyond thin-ice right now and it's starting to sink. Sony has fucked up so much and there is very little they could do to fix this. It'll take years but at this point now they don't have the luxury of years. At best they'll have one year and even that is stretching it...a lot.

You reap what you sow. Sony finally gets hit with what that means.

#50 Posted by Phatmac (5724 posts) -

Sucks for Sony. They're an incredibly talented company that has some done some unfortunate mistakes. Hopefully they can bounce back from this and go back to their prime of dominating the console market.

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