Joystiq is reporting that Sony’s Games Division has fallen on some hard times as they have reported that in the second fiscal quarter of the year, operating losses
in that division rose to $841 million, more than double the $381 million
in losses for the same period last year.

Speculation from Sony is that this loss is due to selling PS3s at lower than cost price points and ‘the increase in PS3-related inventory write-downs’.

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Jerry Paxton

A long-time fan and reveler of all things Geek, I am also the Editor-in-Chief and Founder of