Sony Losing Money On PS3 Slim

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sega4life said:

Um.... what? PsP-Go = $249.99 ? ? ? ?

it doesn't even have a touch screen and it's as much as an iPhone

Take a look at the admittedly incomplete list of proprietary devices or formats that Sony has introduced in the last fifteen years or so.

Mini-Disc (1991)--custom disc format, and used ATRAC audio compression, which is proprietary.
Sony Dynamic Digital Sound (1993)--a competitor to the Dolby Digital 5.1 standard.
Multi-Media Compact Disc (1994)--Sony's proprietary format for high-density optical storage, developed in conjunction with Phillips. Negotiations merged this format and Toshiba's Super Density disc format into what would become DVD.
Music Clip (1999)--Sony's first digital player, used ATRAC audio compression.
HiFD (1998)--a competitor to Iomega's Zip drive.
Memory Stick (1998)--proprietary memory device as a competitor to SD and Flash memory.Super Audio CD (1999)--an optical disc format with higher fidelity than the CD.                                                                                                                                                                          Hi-HD (2004)media storage format as a further development of the Mini Disc                                                                                                      PSP (2004)--Uses Universal Media Disc (UMD) media, a proprietary media format.

Where's Betamax video tapes on this list?

What this list demonstrates is that while Sony have generally been a good marketer of hardware (TVs, video/DVD players, stereos, car stereos, game consoles, etc) they've been lousy at getting widespread adoption of particular storage/output formats. Oddly enough this time round they've done a relatively poor job of selling their hardware, but they have established their new storage format (blu ray) over the competing format.

Though it must be said that while this gen may be considered by some as a failure on the part of the PS3 it can easily become the 5th best selling gaming console ever, while being the most expensive ever. Pretty dang good for being considered a failure.

You're a bit premature on the PSP-Go. You might turn out to be right, but you should at least wait until after launch before you announce its failure.