Sony has filed it annual SEC report which shows that the company is loosing money.
According to the report the company has lost $3.3 billion on the PS3, this loss is thought to be a result of “strategic pricing”.
The Report indicated tat even if the PS3 is very sucessful it could take much longer than expected to recoup the investment, which could further impact Sonys bottom line.
At the time the PS3 was released many people thought it was too expensive for the mass market of game console users and this report seems to back up that view.
If you are interested in reading the whole report click here
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