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Sony's games division losses will be worse than expected and could exceed $2bn for the fiscal year ending in March, vnunet.com can reveal.

Executives told reporters and analysts in Tokyo today that they blamed a shortfall in sales of the costly PlayStation 3 video games console and the PlayStation Portable (PSP).

Sony's net profit fell more than five per cent to $1.3bn in the last three months of 2006. The games division suffered an operating loss of $455m during the quarter, a fall of almost $1bn from the previous quarter, according to Sony.

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yep.

yuppers.

2 billion in losses!?!?!? Yikes.

We look like it's only 2b in losses, no big deal for them. But, let's remember, that many losses, investors pull out, more losses, this is the kind of downfall that leads to a company's possible death. Sony makes some other good stuff, so I'd hope that doesn't happen.

oooh! zing! that's a pretty big chunk to be in the red...

one word... woot

and to think it all started when sony tried to cut in on Nintendo's handheld turf.

i'm sorry but i can't help noticing sony=atari... maybe sony=3DO... possibly both. eithor way, end result sony crashes and burns.

Awesome! (Well not for Sony...)

I hope they at least release FFXIII if they're going to crash.

Sony will crawl out of the PS3 lifespan. So we'll see the PS3 games we want.

If you think it's intelligent to buy a system that keeps having more and more issues ever month it's out, and with every "fix" it has new issues, then I hope several really great games come out that make you want to buy the machine.

The final nail in the coffin would be the official announcement later this year that MGS4 is coming to the 360. That would SO kill Sony!

Statement-to-cover-my-butt: It is currently NOT OFFICIAL. MGS4 is currently NOT coming to the 360, but I can hope.

Oh, Nintendo, Microsoft, or Sony, three enter the ring, but only two will come out!

I'd say Sony is deffinatly falling in the gaming intrudurusty, but I have to say that Zelda looks lovely on my Sony HD TV! XD