Stringer of Sony: game profits are on top of our list
The Chairman of the Sony Corp., Howard Stringer, stated today at a shareholder meeting in Tokyo that their top management priority is "to restore profitability in our television and game businesses." This comes after Sony's game division predicted profit for for the first time in three years, due to reduced cost of producing the PS3 and broadened game software lineup. Sony's game division has lost over 3.4 billion dollars the past two years under his leadership, so it isn't surprising profits in that area are in Stringer's (and obviously, Sony's) best interest.
Stringer also feels that "we are not No.1 in my mind yet," and with the Wii projected to sell 25 million units this fiscal year while the PS3 is predicted to sell 10 million, we can see why Stringer would feel such a sentiment.
[Via Joystiq]
