Michael Bunning of Gamer 2.0's SmashPad blog writes:
"Well, the truth is, Sony isn't losing so absolutely. For a start, Sony is denying that there's going to be any more major restructuring. Of course, Free Radical was insisting that everything was hunky-dory days before it went under, so you can't believe every press release you read. But even discounting Sony's denials, there's plenty of good news for SCE, if you go looking for it. The Christmas sales figures, for a start. Sony's console sales were up 130% over Christmas, and 40% for the calendar year. Couple that with SCEE's president David Reeves's comment that the PS3 is on-target to make a profit in 2009, and things aren't looking too bad."
UPDATE: This is not a duplicate story. It appears to be a response to another story that has appeared on N4G, but is a completely new story.