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Carl2291 said:
Sony launched the PS3 at $600.

PS3 at the time took ~$800 to make.

Losing $200 per console is a pretty big risk...

No, that was blatant arrogance. Mocking the competition, claiming the system would sell even if there weren't any games for it, and telling the consumer they should fall at Sony's feet for selling the system so 'cheap.'