Sony shares began their steady climb since late-last year. Investors anticipated a PS4 announcement ahead of time. When the PS4 console was a no-show, shares of Sony and the suppliers sold-off.
Fitch, a ratings agency, does not think PS4 will help improve cash flow. Competition is already heavy for Sony on all fronts, including the PC segment, smartphones, and tablets. This limits the potential for Sony.
Advanced Micro Devices will benefit from the PS4 release, even though investors are bearish on the company. The chip maker will supply the graphics processor and chip. AMD’s Radeon GPU will have 18 “compute units.” Equipped with a blue ray player, the PS4 will have 8GB memory, HDMI-out, and the CPU will be 8-core.
Sony traded recently at $14.07. AMD traded at $2.59.
Per Google Finance, Advanced Micro Devices, Inc. (AMD) is a global semiconductor company with facilities globally. Within the global semiconductor industry, it offers x86 microprocessors, as standalone devices or as incorporated as an accelerated processing unit, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and mobile devices, including mobile personal computers (PCs), and tablets, professional workstations and servers, and graphics, video and multimedia products for desktop and mobile devices, including mobile PCs and tablets, home media PCs and professional workstations, servers and technology for game consoles. The Company operates in two segments: the Computing Solutions segment and the Graphics segment. In March 2012, the Company acquired SeaMicro Inc.
Sony Corp. mainly involves the electronics, game, entertainment and financial operations. The Consumer Products Service (CPS) segment provides liquid crystal display (LCD) televisions, cameras, audio and video equipment, personal computers (PCs), personal navigation systems, game consoles and software. The Professional Device Solution (PDS) segment provides audio, videos and monitors for broadcast and commercial use, image sensors and other semiconductors, optical pickups, batteries, data recording media and systems. The Movie segment produces movie software. The Music segment provides music software and animation works. The Finance segment provides life and non-life insurance, banking services and credit finance services. The Sony Mobile segment provides mobile phones. The Others segment provides blue-ray disks, network services and advertising agency services. On January 1, 2013, the Company fully acquired subsidiary So-net Entertainment Corporation through stock swap.