DOWN PERISCOPE: Sony to drop PS3 to 299$

[NJ5]

More specifically, go here:

http://www.sony.net/SonyInfo/IR/library/ar.html

You can see the performance of the gaming division in each year. Several people have gone through the reports, added PS1/PS2/PS3 era figures, and concluded precisely what I claimed above. You too can do the same if you really care about having definitive proof.

Fact of the matter is that Sony didn't make that much money from the PS2, especially considering how big its userbase was. Selling consoles at a loss doesn't seem like such a good business decision in the long term. Financially, the PS3 is doing much worse than the PS2 at the beginning of its life, due to so many price cuts and lower software sales.