Sony and Nintendo tumble after Google unveils its gaming platform
Mar 20, 2019
Google has revealed Stadia, a gaming streaming service based off without the need to buy an expensive console or computer, and the announcement made the giants tumble. Shares of Japanese titans Sony and Nintendo dropped over 3% after the reveal, though analysts believe that it's still too soon to tell. Analysts state that Google's announcement likely won't impact the next generation of consoles because the gaming market is tough to access, but the service could start picking up some steam and become a significant player in the years to come. Sony and Nintendo, along with Microsoft, are expected to make announcements regarding the next generation of consoles in the following months.