Sony Stock Price at 31-Year Low
It's hard to imagine that one of the major players in the video game industry could eventually go belly-up, but today's news of Sony stock hitting a 31-year low sure makes that seem like a possibility, doesn't it? Of course, Sony is currently spending boatloads of money on making a successor to the PS3, but it turns out that they're hemorrhaging most of their money in the consumer electronics business, where we've heard of Sony engineers refusing to share information with each other due to stiff competition (yes, inside the company) and so many products coming out with too-high prices and lackluster performance. The company has already pledged to turn it around by cutting a big chunk of its electronics-making workforce and dumping a lot of its bad products, but that's no guarantee Sony will still be afloat in five years. Or three, for that matter.