Xbox One Announced And Sony's Stock Price Explodes

Microsoft announced the third generation Xbox this morning (New Zealand time anyway) and whilst there are still too many unknowns to call it a winning product or not, the stock markets have made their decision already.

In the time between Microsoft's announcement and the close of trading in New York Sony's shares posted a remarkable 9% increase. 

Clearly the Xbox One launch was a good advert for Sony's PS4, in the battle for the living room. 

I'm not sure what it could be, but there's a lot of people who saw today's Microsoft announcement as a reason to grab large numbers of Sony stock. 

Someone should be worrying right now.