Variety's Paul Sweeting writes in Video Business, 11/30/2007
"Is Sony finally getting it's PlayStation 3 game on?
Whether out of desperation or strategic planning, the company finally seems to be taking bold steps to reclaim some of its lost stature-not to mention market share-in the videogame console business after falling to a humiliating third place against rivals Nintendo and Microsoft."
Paul Sweeting reviews the recent series of Sony's strategic and tactical moves designed to raise and conserve cash - and fund the turnaround for the PS3.
Although the amount is believed to represent less than 5% of Sony, keeping it under the disclosure threshold for Japanese companies, Sony has a current market-cap of $54 billion, so even a 1% stake would represent a cash infusion of more than $500 million. I knew they were rich but man not in the 54 billions rich lol
Let the console speak for itself. PS3 will do fine
I love how "even if" it is out of desperation like it would matter... Who wins there? We do. that's who. I love when idiots say "oh, they're only doing this or that out of desperation" So what!!! They're still doing it and had they been doing incredibly well and still did this... then what? It would have the same ressult.
People are morons. Simple and clean.
the ps3 is really the core for sony's complete lineup, and will lead to their superiority during the next generation of tv's, movies, and games. If the ps3 gains popularity, people will be more likely to upgrade to a high def tv(bravia), a new dvd format(already got blu-ray) and will make money on games.
will only get better from here on out...warp speed factor 7 approaching
the sad thing is...no one will buy a ps3 when the 360 is out and noone uses blu ray when hd dvd is out. sony just fighting a losing battle