Sony makes some money, pays off debts [Update 1]
A recent article at IGN talks about Sony making a tidy profit for the quarter ending June 30th. Don't pay attention to the fact they lost money in the video game market and as a whole, the point is they're still in the black somewhere -- they're not losing money from every pore. Recall in 2005, Sony reported a loss of $62.8 million, but now are reporting a gain of $279.4 million. Yay! Digital cameras and improved exchange rates are the culprit for the money, Sony humbly claims.
Not all is peachy. Sony Computer Entertainment did fall four-hundred million stories, dropping them from $1.5 billion to $1.1 billion. Let's put it this way -- when Sony is boasting about its PSP sales instead of PS2 or PS2 software, there's some concern. We have to understand though, the PS2 is pretty much at the end of its life, except for some very hotly anticipated RPG's (Final Fantasy XII, Rogue Galaxy, Valkyrie Profile 2, Shin Megami Tensei: Devil Summoner, Phantasy Star Universe (despite multi-platform, it's still lookin' great)) and other titles, like God of War 2. Basically, Sony made money then lost it. Hopefully this last round of games will bolster Sony's numbers a little bit. If not, oh well. They'll deal, surely.
[Update: clarified the "in the black" statement. Thanks, JustMe!]
