Sony raises PSP sales forecast

It's been a rough road for Sony. However, things are finally looking good for the Japanese electronics company. Sony's third fiscal quarter had a 25% rise in net income to 200.2 billion yen ($1.9 billion) for the entire company. According to the NY Times, the typically loss-driven games division also generated some profit due to reduced production costs.

In fact, PSP, has been outperforming even the expectations of the company. The original sales goal for the fiscal year 2007 (which ends in March) was 10 million. With such a positive response to the redesign, and a continuous streak of fantastic sales in Japan, the target has been raised 30 percent, to 13 million units.

With an ever-increasing line-up of games in the pipeline, including heavy hitters like God of War and Crisis Core, we're certain that PSP's momentum will carry far into Sony's next fiscal year.

[Thanks, Michael A.! Via Engadget]