CNN Money-The PS3 is a Sinking Ship

[NJ5]

BengaBenga said:
I'm not going to comment on the various claims that CNN is in the tank for MS, cause that's just stupid. If anything CNN is a competitor to MS own TV channel MSNBC, but okey.

One thing no-one really mentions is that CNN-Money is a very well known source for investors/banks etc. If they care enough to write about the PS3 than it could mean very bad news for Sony. SCE has been spared in the recent layoffs, but if the investors los their faith in the PS3 it's over.

For now I think most analysts are being quite nice to Sony. The clout they have as a big corporation still has a big effect even on analysts.

However, some of them are finally coming out of the woodwork and saying Sony may not profit in the last half of the fiscal year, and there were complaints about their layoffs plans ("not enough", "not soon enough", "not clear", "what about the other divisions?", etc). I still haven't seen anyone giving a reasonable explanation of how Sony will be posting profits under the current conditions.

It only gets worse from now on, so you better get used to reading this kind of articles.