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Sony CEO: PlayStation profitability is top priority

Ross Miller

Sony's CEO Sir Howard Stringer told shareholders today that the company's top priority is to "to restore profitability in our television and game businesses," reports Bloomberg. The games division saw a profit during the last holiday season, and Sony expects PlayStation HQ to report an annual profit for the fiscal year ending March 2009, as well as at least 10 million in PS3 unit sales.

While PS2 sales are in slow decline, Sony said lower production costs and AAA titles (like this one, and this one, too) will help boost the division.

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