Glockstar
03-14-2006, 06:52 PM
Sony Shares Drop on Report PlayStation 3 Delayed to November
March 15 (Bloomberg) -- Shares of Sony Corp., the world's biggest video-game maker, fell as much as 2 percent after a newspaper reported the company will delay the debut of its PlayStation 3 console to November from its plan to sell the machine in spring.
The stock fell 1.3 percent to 5,500 yen as of 9:26 a.m. on the Tokyo Stock Exchange, compared with a 0.6 percent gain in the Nikkei 225 Stock Average. Sony Computer Entertainment Inc. spokesman Daisuke Nakata declined to comment on the Nihon Keizai newspaper report saying the player would be sold from November.
The PlayStation 3, which will feature the company's Blu-ray high-definition DVD technology and its fastest processor ever, is a key product in Chief Executive Howard Stringer's strategy to help spur sales of electronics and movies. Sony is delaying sales of the machine because it hasn't resolved details on a copy protection format for the Blu-ray disc, the newspaper reported.
The Blu-ray can store at least five times more video, audio and computer files than standard DVDs, and the Cell chip will make the PS3 about 35 times faster than its predecessor the PS2.
Merrill Lynch & Co.'s Tokyo-based analyst Hitoshi Kuriyama wrote in a report last month that the PlayStation 3 launch may be pushed back to autumn in Japan and 2007 in the U.S., because of reasons that included delays in video chip production, heat emissions problems and a shortage of games.
Sony on Jan. 26 forecast an annual profit, reversing a loss forecast, on sales of Bravia televisions and PlayStation Portable video-game players. Sony posted a record 168.9 billion yen ($1.4 billion) profit in the October to December quarter, triggering a 14 percent gain in its shares the next trading day.
The first two PlayStation consoles are the world's best- selling players with more than 100 million units sold each.
Sony Computer Entertainment President Ken Kutaragi will speak at a press conference in Tokyo today at 3 p.m.
http://www.bloomberg.com/apps/news?pid=10000101&sid=avIsmtpljc.Q&refer=japan
March 15 (Bloomberg) -- Shares of Sony Corp., the world's biggest video-game maker, fell as much as 2 percent after a newspaper reported the company will delay the debut of its PlayStation 3 console to November from its plan to sell the machine in spring.
The stock fell 1.3 percent to 5,500 yen as of 9:26 a.m. on the Tokyo Stock Exchange, compared with a 0.6 percent gain in the Nikkei 225 Stock Average. Sony Computer Entertainment Inc. spokesman Daisuke Nakata declined to comment on the Nihon Keizai newspaper report saying the player would be sold from November.
The PlayStation 3, which will feature the company's Blu-ray high-definition DVD technology and its fastest processor ever, is a key product in Chief Executive Howard Stringer's strategy to help spur sales of electronics and movies. Sony is delaying sales of the machine because it hasn't resolved details on a copy protection format for the Blu-ray disc, the newspaper reported.
The Blu-ray can store at least five times more video, audio and computer files than standard DVDs, and the Cell chip will make the PS3 about 35 times faster than its predecessor the PS2.
Merrill Lynch & Co.'s Tokyo-based analyst Hitoshi Kuriyama wrote in a report last month that the PlayStation 3 launch may be pushed back to autumn in Japan and 2007 in the U.S., because of reasons that included delays in video chip production, heat emissions problems and a shortage of games.
Sony on Jan. 26 forecast an annual profit, reversing a loss forecast, on sales of Bravia televisions and PlayStation Portable video-game players. Sony posted a record 168.9 billion yen ($1.4 billion) profit in the October to December quarter, triggering a 14 percent gain in its shares the next trading day.
The first two PlayStation consoles are the world's best- selling players with more than 100 million units sold each.
Sony Computer Entertainment President Ken Kutaragi will speak at a press conference in Tokyo today at 3 p.m.
http://www.bloomberg.com/apps/news?pid=10000101&sid=avIsmtpljc.Q&refer=japan