Sony (SNE) has been hoping that the lagging sales of PS3 wold be helped by the release of some major video game titles. "Grand Theft Auto" from Take Two (TTWO) has been delayed, which may affect sales of PS3 units and Microsoft (MSFT) Xbox 360.
But, now word comes via Barron’s that information from bank UBS shows the new Madden NFL ’08 from Electronic Arts (ERTS) is doing poorly on the SNE game platform. Apparently the game runs much better on Xbos, which should help them in competing for customers.
SNE PS3 now appears to have a number of factors running against it. Industry experts believe that the product is too expensive. Sales of the Nintendo Wii are also taking share, especially in the "casual" end of the video game market. And now new video game releases are not working in its favor.
The game units has been a big financial loser for Sony during the last year-and-a-half. That looks like it could continue.
Douglas A. McIntyre
Mo
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
