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Sony are not breaking even on the PS3.

The latest quarterly results prove that. The profitable PS2 and PSP got them to $4 million, and those two platforms are dying (quickly in the PS2's case).

Sony are probably at LEAST a few months from breaking even on the PS3 and even then the console is selling poorly at this price relative to the other consoles, so they will need to drop back into losing money if they hope to recover with respect to the console war.