idiosyncrasy Today

Scathing social commentary meets the gamer generation.

Thursday, October 19, 2006

Sony cuts profit forcasts

The electronics giant Sony is cutting their forcasted profits this year due to lack luster PSP sales, a global recall of notebook batteries, and of course their dropped price of the PS3 in Japan.

The cut is around 38 percent of what they had originally aimed at.

I can see the selling of stock now.

"With regard to PS3, although we expect to record a loss for the business during its initial launch phase within the current fiscal year, we look forward to the successful worldwide deployment and expansion of the platform," said the manufacturer.

*shivver* I'll believe it when I see it. Always the optimist huh Sony?

\\drew

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