Sony counts the cost of the PlayStation 2

Sony learns the console business is a tad costly...

Posted by Staff
Sony counts the cost of the PlayStation 2
Sony Computer Entertainment has announced to shareholders that the last quarter of this year will see results that are considerably lower than the previous year.

Sony Corp as a whole has slashed its earning projections by 50% for this year and has attributed the problems to issues surrounding development of PlayStation 2 hardware and software.

The company has also reduced shipping expectations for the console, reducing the figure from 10 million units to 9 million for this year.

Sony also announced that it would be cutting 500 staff at its San Diego production plant.
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