Sony profits down on PS3 launch

Posted by: Chuck at 1/29/2007 6:28 PM
The folks over at Next Gen are reporting that Sony's profits are down 50% for Q3 primarily due to the launch of the PS3.  We all knew Sony was losing money on the launch but seeing a drop of 50% on the bottom line is a little more than I thought.  It will be interesting to see if things pick up later this year as manufacturing costs come down and the system is more widely available.