Sony Loses $1.1Billion, Should Have Lowered The Price Of The Playstation 3

We bloggers warned them, we told them over and over again, “lower the price of the Playstation 3 for the 08 holiday season.  Wii listened, even Microsoft listened, but Sony?  Noooo.  Now the company is posting a whopping $1.1Billion dollar loss.

Obviously that is not the soul reason for the the fiscal quarter loss.  Sony has seen a drop off in sales of all of its product lines across the board.  Sony shares dropped 8% after the news which includes the possibility of more layoffs and plant closings.  

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Tags: Playstation, Sony

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