SCEA president Jack Tretton has confirmed that the company has long term plans for PlayStation 3, playing down concerns over initial sales figures from the LA Times. The PS3 has sold 1.2 million units compared to the Wii's 2.1 million which launched around the same time.
GamesIndustry.biz reports that Jack believes a million units one way or another isn't anything to worry about as they're in this for the next 10 years and beyond. An IDC analyst agrees with him saying that the PS3 "is ahead of the market, while the Xbox 360 and the Wii were designed for immediate market impact."
However, Kyoshi Shin of Japan's International Game Developers' Association, says that people compare the PS3 to "going to a very expensive restaurant and not getting anything to eat."