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Sony stock falls on analyst predictions for PS3

updated 10:25 am EDT, Thu August 24, 2006

Sony stock falls on PS3

Reinforcing worries that Sony is overly optimistic, analysts at Mitsubishi UFJ Securities have predicted that Sony will only ship half of the six million PS3's the company has planned for the console's launch phase (not to be confused with launch date). The news caused Sony stock to drop 3.2 percent this morning. Mitsuibishi feels that Sony won't have the parts needed to assemble the desired quantities of the PS3, making it that much more difficult to recoup the company's investments.

by MacNN Staff




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