PS3s overheating as Sony share tumble
by Steven Williamson
on 4 October 2006, 09:22
Tags:
PlayStation 3,
Sony Computers Entertainment Europe (NYSE:SNE),
PS3
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At the close of trading yesterday Sony's shares dropped by 3% based on a report written by investors after the Tokyo Game Show.
The report was written by Macquarie Equities analyst David Gibson who expressed his concerns that Sony were still experiencing problems with the production of the PS3. Gibson has based his findings on the fact that many PS3s had to be re-set at the game show.
"We are concerned that such a problem has occurred so close to full production and is clearly negative news for the company," said Gibson.
200 PS3s were displayed in close proximity to each other at the show and Sony have defended the crashing units by claiming that "overheating is common at trade shows". "It's not a problem with the PlayStation 3 unit itself," said Sony spokesperson Nanako Kato. "For a normal player at home, there shouldn't be any problem."
Since April, Sony shares have fell by 20% but they're still adamanat that there are no problems and they will still reach their 6 milion target for units shipped by March 2007.
Source : TVG