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Sony: Cost cuts, better line-up to improve PS3

Gamerush is reporting that Sony said Thursday it is confident of a sales recovery in the video game market due to the PSP expected to maintain its growth, with the PlayStation 3 also projected to show further improvement.

According to Sony chief financial officer Nobuyuki Oneda, the company aims to "post some profit at the game business in the full year to March 2009."

"The PlayStation Portable (PSP) is likely to maintain its growth momentum, while the PS3 is also expected to show further improvement thanks to the cost cuts and rises in the titles line-up," Oneda said.

Sony said it is now relying more on "non-game content and services," as demonstrated by Kazuo Hirai's announcement of a PS3 movie download service coming this summer in the U.S.

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