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Profitable PS3 drives record earnings for Sony

News by Patrick Garratt Founder & Publisher (Former)

Published on Jan. 31, 2008

PlayStation 3 profitability has driven record revenues for Sony in its quarter ending December 31, with net income rising 25 percent to 200.2 billion yen over the same period in the previous year. The company has now raised its full-year forecast 3 percent to 340 billion yen.

The news will delight PS3-loving industry-watchers, as the machine now appears to be solidly placed and advancing into a period that will see price cuts and major releases for 2008 in the form of GTA IV, GT5, FFXIII (maybe), Killzone 2 (maybe) and MGS4.