PlayStation 2 not quite what it was promised to be. "Japanese have purchased about 3.5 million PlayStation 2s, but there are signs that sales have leveled off."
"Analysts had predicted a runaway success, but now they are forecasting Sony losses of more than $200 million on its game business in the year ending next March—its first such loss in years."
posted by Steven Den Beste
on Dec 12, 2000 -
20 comments
How could Sony be low on cash when Target, Wal-Mart, Best Buy and Circuit City all have lines of people around the corner who have been waiting since yesterday morning? All waiting to get their very own PX2.
Think about this - approximately 500,000 of the units will sell today, at $300 a pop, plus numerous purchases of games in addition to the console. Let's estimate that each lucky customer will spend $400 (1 PX2, and 2 games per customer - a modest estimate). That's a one-day gross of $200,000,000.
My bet? Sony will not only turn itself around by the end of the day today, cause a major boom in US currency flow, but also cause a sharp decline in spending for the next month - people will be at home playing their new games, and will have little interest in going out to buy anything else!
posted by tatochip
on Oct 26, 2000 -
31 comments
