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Sony profits down on PS3 launch

by: Chuck -
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.