Joel Downs is the type of video game buff that Sony Corp. expected to fall for the PlayStation 3. The 32-year-old Culver City entrepreneur is tech savvy, loves his PlayStation 2 and has the money to afford an upgrade.
But Downs is holding out.
"There's no compelling reason for me to buy it," he said. "There aren't enough good games for it. And it's too expensive."
The PS2 has been a runaway hit and profit machine for Sony since its introduction in 2000. But its highly touted successor, the PS3, is off to a slow start, leading some game-industry insiders to question whether the consumer electronics giant will dominate this generation of consoles as it did the last.