Sony - Back in Black

Engadget

After bleeding red for months, Sony' s games division finally turned a profit last quarter. Sony sold 4.9 million PS3s last quarter after slashing console prices, boosting game titles, and cutting production costs internally. Of course, we' re sure Wii shortages aren' t hurting Sony' s bottom line either. Sony did lower its annual sales goal of PS3s from 11 million to 9.5 million (citing a slow start) while increasing PSP projections to 13 million from 10 million as originally expected. Sony' s fiscal year ends in March. Overall, Sony' s profits rose 25% for the quarter. Welcome back to black Sony, it' s been a long time coming.

Fantastic news for Sony. With any luck this is going to be a continuing trend, and they won' t slip back under. That of course would be to some level dependent on Nintendo getting it' s head out of its arse & putting standalone units on shelves, which doesn' t seem likely any time soon.

I' m betting on a price drop Oct.2008.

Five bucks on my part says very early November.