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Sony Shares Rebound as Company Comes Clean about PSN

Shares of electronic giant, Sony, have begun their rebound following the company press event that outlined the return of the PlayStation Network and “welcome back” package to customers. Up nearly 2% since the announcements, the incentive package offered to PSN gamers to come back to the network seem to be a contributing factor to the rise.

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Sony Shares Rebound as Company Comes Clean about PSN

by on May 2, 2011

News  PSN

Shares of electronic giant, Sony, have begun their rebound following the company press event that outlined the return of the PlayStation Network and “welcome back” package to customers.  Up nearly 2% since the announcements, the incentive package offered to PSN gamers to come back to the network seem to be a contributing factor to the rise.  The “welcome back” package consists of a 30 day free subscription to the PlayStation Plus service  for all non-plus subscribers.   If you are already a PS Plus subscriber, you’ll be receiving a 30 day extension to your subscription.

The Sony stock has seen around a five percent drop since the onset of the PSN outage, with American Depository Receipts dropping from around 30.50 to a low of 28.00 during the outage.  The 2.5% jump in share price on the Tokyo Stock Exchange is likely to trickle over to the NYSE listing of the Depository Notes when markets open this morning.

Image Source: Famous Battles from Ancient Japan

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