Poor PS3 sales mean better profits for Sony

Another NextGen.biz story that I can't read from work, but the little blurb is quite funny regardless.

Sony’s chief financial officer has revealed that the company’s recently reported games division losses were less than expected – because of the lack of PlayStation 3 consoles sold at a loss.

So basically, the poor sales of Sony's PS3 console means that they've done better, financially, than they would have done had the machine sold out.

Meanwhile, Nintendo's running away with a machine they've made money on since day one and continues to outsell the competition (no matter how much anybody says they're not competing) by staggering amounts.

No PS3 cut for Europe?

According to NextGen.biz, Sony President Ryoji Chubachi has said that they have no intentions of cutting the price of the PlayStation 3 in Asia or Europe.

Then again, the last time he said anything about PS3 price cuts was three days before they announced, at E3, that the American models would be dropping $100.

Sony's price cut isn't so generous after all

When Sony announced that they would be dropping the price of the 60GB PlayStation 3 from $599 to $499, the internet rejoiced (even if some development studios weren't convinced).

But not so fast! Sony had an evil scheme behind their seemingly generous PS3 price cut. Now that the 80GB version has been lined up for the American market - at that good old $600 price point - Sony have announced that they'll be discontinuing the $499, 60GB version.

If you want a cheap(ish) PS3 with a sizable hard drive, you better snap one up quick - come August, the 80GB SKU lands and tolls the bell for the previous high-end machine.

Not that any of this matters to those of us in Europe anyway - we're not getting either the price cut or the 80GB machine!