PlayStation 3 cost reductions have helped Sony's game division turn a profit, but sales targets for the full year have been slashed to 9.5 million units.
Senior executives from Sony and Activision have expressed caution over supposed growth of in-game and digital advertising, despite counterparts from other digital companies such as Google remaining optimistic about its potential.
Sony Computer Entertainment Europe has told <i>GamesIndustry.biz</i> that there are currently no plans to introduce a 120GB PlayStation 3 in the region.
The chief executive of Sony Corporation, Sir Howard Stringer, has revealed that he believes the company is performing well, but has expressed concern about the impact a strengthening yen could have on the business.
Sales of Sony's PlayStation 3 are on course to overtake Microsoft's Xbox 360 in Europe by the summer of this year, according to Sony Computer Entertainment Europe's president and CEO David Reeves.
Nintendo will be pleased to see that its two hardware platforms sit atop the sales charts in its home territory of Japan, with the news that the Sony PlayStation Portable has dropped down to third place.
Games for Sony's PlayStation 3 have surged into the Spanish software sales chart top ten, finally ending a lengthy run at the top for various Nintendo platform games, according to sales data from Media Control GfK International.
Sony has sold a record number of PlayStation 3 consoles in Europe over the five weeks to the end of 2007, shifting 1.2 million units in that time - in line with US sales, according to the president of the company's Games division, Kaz Hirai.
Following the release of the latest NPD sales information for the US market's 2007 performance, all three console manufacturers have released statements highlighting their own achievements.
The Nintendo DS capped an excellent year in Japan with a strong flourish in the last two weeks of 2007, with sales of the hardware falling just shy of 500,000 units.
New Line Home Entertainment has confirmed that it plans to drop support for Toshiba's HD DVD format in favour of Sony's Blu-ray platform, according to an article in the Hollywood Reporter.