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For six years, the Internet Nexus served as my technology blog, but I've since started blogging at the SuperSite Blog instead. If you're looking for the blog, please head there. --Paul

Sunday, June 24, 2007

Sony chairman promises a shift from recovery to growth

Reuters:

Howard Stringer, the Sony chairman, promised Thursday to shift the struggling electronics giant from recovery to growth and to strengthen the PlayStation 3 games lineup, calling the console a crucial profit driver despite its bungled rollout.

Sony expects at least 380 new PlayStation 3 games to hit the market this business year, and it says that should speed up demand for the console that has so far lost out to Nintendo's highly popular Wii.

There are about 150 games available now for the PS3, including online titles.

Sony's game division posted an operating loss of $1.88 billion, in the past business year because of high start-up costs of the PS3 ... Nintendo's Wii game console has been outselling the PS3 by three to one in Japan and more than two to one in the United States so far this year.

Sony shipped 5.5 million PS3 machines in the fiscal year through March. The company's target was 6 million. Nintendo shipped 5.84 million Wii machines during the same period.

I'm intrigued that the Xbox 360 is never mentioned in this discussion. Also, I love the headline, which could easily be rewritten as "Sony chairman promises a shift from losing to winning." I'd imagine that's every company's goal.

Labels: Video games

[ Posted at 8:40 PM | Permalink ]