Latest in Gaming

Image credit:

Huge PlayStation 3 shortages predicted, Sony stock sinks

Ryan Block, @ryan
08.24.06
Share
Tweet
Share
Save

Sponsored Links

There's been a lot of speculation that Sony won't hit its PlayStation 3 launch targets for 2006 (which includes 2 million units at launch, and another 2 million units by the end of the year), but it sounds like they were dealt a pretty severe blow by Japanese brokerage Mitsubishi UJF Securities. The Japanese investment firm predicted major component shortages that would hamper sales by as much as a million units (trust us, that's a lot of units), and lowered its rating, causing Sony's stock to drop 3%. It's a harsh day in the office for Hirai, Kutaragi, and Stringer, but there's no doubt about it, and Sony's once again going to have to seriously prove itself come this holiday season.

[Via GamesIndustry.biz]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
First 'Borderlands 3' event is the Halloween-themed Bloody Harvest

First 'Borderlands 3' event is the Halloween-themed Bloody Harvest

View
Tech industry sets official standard for 8K TVs

Tech industry sets official standard for 8K TVs

View
'Bandersnatch,' 'Fleabag,' and 'Ozark' lead streaming Emmy winners

'Bandersnatch,' 'Fleabag,' and 'Ozark' lead streaming Emmy winners

View
IKEA will produce more energy than it consumes by 2020

IKEA will produce more energy than it consumes by 2020

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr