Playstation Supplies &#39;Tight&#39;, Admits Sony
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Sony was forced to admit today that availability of its PlayStation 2 (PS2) games console in UK shops would be âtightâ before Christmas.
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Sony faulted a strategic decision to set the price of the PlayStation 3 below the cost of production as a way to bolster market share.
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Sony Corp. on Tuesday showed a smaller book-size PlayStation 2 going on sale worldwide next month that will help the Japanese electronics and entertainment giant cut costs as video-game consoles continue to drop in price.
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Although Sony is blaming its faltering profits partly on PlayStation 3 price cuts in Japan, a senior executive said yesterday that slashing prices further may be in store for the just-launched video game machine.
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It&#39;s another black eye for Sony. After closing its online music store in August, news comes that the entertainment giant is delaying the opening of its online community for  the PlayStation 3.
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Sony's European boss admits that the PSP has suffered from a shortage of games.
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Nintendo expects its popular Wii game machine will continue to be in short supply, while Sony said it is seeing increased PlayStation 3 sales after announcing a price cut.
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Sony Corp. (6758.T) said it expects at  least 380 new PlayStation 3 software titles to become available  in the current business year, on top of more than 100 titles  currently on the market, driving demand for its latest console  that saw a slow start.
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The PlayStation Portable is the talk of the town, after basking in the limelight at a recent game show. But despite all the hoopla, Sony Computer Entertainment Co.
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The company admitted Wednesday that it sales for its flagship game console were in fact so strong that it hasn't been able to maintain inventory levels.
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By Evening Standard, London  Jan. 31--Electronics giant Sony is heading for a $2 billion (Â£1.01  billion) loss in its video games division after the surprise success of rival  Nintendo's Wii console.
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Shortages of Sony Corp.'s PlayStation 3 console may cause customers to hold off buying new video games, extending a period of slow growth for publishers including Electronic Arts Inc., the biggest.
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Sure, the PlayStation 3 got off to a rocky start and is now only number 3 in next-gen console sales, but Sony Computer Entertainment Inc. claims that things couldn't be better. Well, it could definitely be better, but in any case, Sony is happy with its current status in the market.
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Just when Sony appears to have turned around its electronics business, another part of its sprawling empire &#151; video games &#151; is dragging down profits.
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Even if you don&#39;t particularly like video games, you&#39;d better resign yourself to what appears certain to anyone who has spent a little time with Sony&#39;s new PlayStation Portable.
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Sony returned to profitability in its fiscal second quarter thanks to a weaker yen and strong digital camera sales, however its gaming and TV divisions -- including the PlayStation 3 -- continued to struggle.
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The lines in Japan were crazy long for the launch of the PlayStation Portable yesterday, so maybe itâs not that surprising that Sony says theyâve pretty much completely sold out the first batch of 200,000 that they shipped to retailers.