Sellouts of the systems aren't surprising, but that they have essentially the same sales numbers is a bit unexpected.» Read More
Some of Thursday's midday movers:
Japanese shares outperformed on Thursday as the yen weakened while the rest of Asian investors cheered dovish remarks from Fed Vice Chairman Janet Yellen.
The launch of PlayStation 4 and Xbox One marks a chance for Sony to win big after a string of losses and for Microsoft to expand beyond PCs.
With the launch of Sony's PlayStation 4 and Microsoft's Xbox One this month, there's a lot of focus on next-generation games, but that shouldn't overshadow the fact that many of the year's best titles were made for current generation systems.
Some of the names on the move ahead of the open.
*Hon Hai says Q3 net profit T $30.75 bln vs consensus T $25.99 bln. TAIPEI, Nov 13- Hon Hai Precision Industry's decision to move away from major client Apple Inc and the lower-value electronics contract manufacturing business is a long-term bet that will improve margins and offset rising labour costs.
Asian shares followed their Wall Street peers lower as talk about a scaling back of the Federal Reserve's monetary stimulus weighed on sentiment.
*Sony gains after Loeb express bullish views on Japan. TOKYO, Nov 13- Japanese stocks stepped back from a three-week high on Wednesday morning as concerns about an imminent turn in U.S. monetary policy dented risk appetite, while Sumitomo Mitsui Financial Group outperformed after raising its earnings forecast.
TAIPEI, Nov 13- Hon Hai Precision Industry's decision to move away from major client Apple Inc and the lower-value electronics contract manufacturing business is a long-term bet that will improve margins and offset rising labour costs. "Its enlarging scale will help Hon Hai's margins in Q3 and Q4," said Kylie Huang, Taipei- based analyst at Daiwa Securities.
With the high profile launch of two gaming systems and a slew of new games, the video game industry is hoping Santa brings it a turnaround this year.
Third Point founder Dan Loeb says his $13 billion hedge fund owns a stake in FedEx, and he does not want to replace Fred Smith as its CEO.
Dan Loeb, Third Point founder and CEO, addressed his involvement with Sony at the DealBook Conference, as well as Yahoo's "hidden value." CNBC's Jon Fortt has the details.
Dan Loeb, Third Point founder and CEO, discusses the differing opinions of his and Bill Ackman on Herbalife.
Dan Loeb, Third Point founder and CEO, says his firm remains "very bullish on Japan," and wouldn't have made the Sony investment if they weren't. Loeb says he's had a very good relationship with the company.
From free software to its "walled garden," Apple is pushing into the enterprise market like never before. That should have Microsoft, Dell and others worried.
Asian shares rose on Tuesday following another record close on Wall Street, with focus turning to the last day of China's policy meeting.
TOKYO, Nov 12- Japanese stocks rose to a near three-week high on Tuesday, as exporters benefited from a softer yen although contractors sagged after their earnings disappointed the market. The dollar rose as high as 99.59 yen, its highest since Sept. 20, lifting exporters like Sony Corp and Advantest Corp, which climbed 3.6 percent and 3.2 percent, respectively.
*Dentsu jumps on forecast hike. *China policy meeting in focus but limited impact on market- analyst. Exporters were higher, with Sony Corp rising 2.7 percent, Nissan Motor Co climbing 1.3 percent and Panasonic Corp adding 1.0 percent.
NEW YORK, Nov 11- U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
With shares hovering at six-month lows, tell how you are trading Sony ahead of the PlayStation 4 launch.