Tuesday, October 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
China Denies Apple's iCloud Hack Allegations
Samsung Galaxy KNOX Devices Approved for U.S. Government Classified Use
iPhone 6 Demand Help ARM's Growth
SK Hynix Develops High Density 16GB NVDIMM
Samsung Mass Produces 8-Gigabit DDR4 Based on 20 Nanometer Process Technology
Strong iPhone, Mac And App Store Sales Drive Apple's Record September Quarter Revenue And Earnings
Apple iOS 8.1 Available For Download
E FUN To Relase $179 Windows tablet
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > Games > PlaySta...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 13, 2006
PlayStation 3 Flies Off Shelves in Boost to Ailing Sony


The PlayStation 3 was a sell-out as Sony finally launched the hugely anticipated and delayed new console to long lines across the capital in a much-needed boost to its faltering fortunes.

From boys in baggy pants to teenage girls, suited salarymen and even some grey-haired seniors, thousands of bleary eyed game fans braved the cold Tokyo night in the hope of getting their hands on one of the prized new machines.

With only 100,000 PS3s available on day one in Japan due to production problems with the high-definition DVD player, many people were disappointed.

"The father of the PlayStation," Sony Computer Entertainment president Ken Kutaragi, made a cameo appearance to greet the patient fans.

"I'm really happy to see so many users waiting," he said at the towering Bic Camera store in Yurakucho.

Sony has poured hundreds of millions of dollars into PlayStation 3 and its success is considered vital to the iconic company's future following a series of setbacks, including recalls of millions of faulty computer batteries.

"There's lot riding on it for Sony right now," said Standard and Poor's equity analyst John Yang.

"If the PS3 fails, I think markets are going to start questioning Sony's credibility in the next few years," he added.

The sell-out launch in Japan will provide some much-needed cheer for Sony investors but analysts say the electronics giant still faces a bumpy path to profitability in its games division amid fierce competition from rivals.

Not that it mattered for the thousands more would-be buyers who were turned away empty handed even before stores opened, as clerks with loud hailers and uniformed police shepherded people into long snaking queues.

Sony was forced to delay the global launch of the PS3 by about six months due to problems with the high-definition DVD player, giving rival Microsoft a one-year head start with its Xbox 360 machine.

The Japanese company pushed back the rollout again until March 2007 in Europe as it grappled with production problems.

Sony expects its game division to make a loss of about 200 billion yen (1.7 billion dollars) this fiscal year after it cut the price of the PS3 in Japan by one-fifth over complaints it was too expensive.

Even so, at 49,980 yen for the standard 20-gigabyte hard disc, the PS3 is approaching twice the price of Microsoft's cheapest Xbox 360 at 29,800 yen, and Nintendo's Wii, which launches in December at 25,000 yen.

Despite the delay, Sony has maintained its forecast to ship six million PS3s worldwide by March 2007 -- a target some analysts fear will be hard to hit.


Previous
Next
Zune MP3 player Has a Lot of Catching Up to Do        All News        Apacer Flash Drives Primed for Microsoft Vista ReadyBoost
Nintendo to Enable DVD Functionality in Future Wii Console     Games News      Sony PS3 to Launch Gaming Battle

Get RSS feed Easy Print E-Mail this Message

Related News
PS3 Update v.4.50 Launches Today
Sony Says 'Last Of Us Sales' Is The Fastest Selling PS3 Title of 2013
New Firmware For Sony PS3 Fixes Last week's Issues
Sony Pulls Faulty Firmware For PlayStation 3
Sony PS3 To be manufactured in Brazil
Sony Partners With More Game Developers to Expand Independent Game Portfolio for All PlayStation Platforms
Sony To Provide Unity Development Environment For PS4, PS3, PS Vita And PS Mobile
Sony PlayStation Event Set For February
Game Console Ban in China May Be Lifted: Report
Sony's PS4 Is Said To Integrating Biometrics, Touchscreen Controller
Sony To Release New Dualshock 3 Wireless Controller Bundle Pack
IDC Anticipates a Video Game Console Rebound As New Platforms Arrive

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .