Sony shares revive after debt agency upgrade

Sony might not have had a strong few years recently, with a severe drop off in its dominance of the TV and hardware market in general, but just recently it's started doing a bit better, with strong Xperiz Z sales and a good initial showing of PS4 features prompting debt agency Daiwa Securities to raise Sony's standing.

This saw an 11 per cent rise in stock prices for the Japanese electronics giant, leading to their highest point in the past year.

Of course whether Sony continues to ride this wave depends a lot on how the PlayStation 4 does when it's shown off in the flesh but more crucially, when it's released towards the end of the year. At the moment at least, it seems as if it would do well, as there's certainly a bit of a buzz about the next-gen machine – especially considering the lacklustre performance of the Wii U so far.

However, if it tanked, if Microsoft's Xbox stole the show this Christmas for example, it'd be interesting to see how Sony could come back from that in 2014.

KitGuru Says: What's the prediction from you guys? Is Sony going to dominate this Christmas' console sales, or will Microsoft steal the show? Maybe you think Nintendo will mount a comeback by the end of the year? Let us know below or or on the KG Facebook page.

[Thanks CVG]

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