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Thursday, August 24, 2006

Sony Stock Downgraded

Kaz Hirai, head of Sony Computer Entertainment's (SCEI) U.S. unit, said in an interview last week that the company plans to ship 2 million of the consoles in the current calendar year. That's just half of the 4 million consoles the company originally planned to ship. But SCEI said Thursday that Hirai misspoke and that the company's original plan remains in place.

It calls for 2 million consoles to be ready at launch, a further 2 million to ship before the end of the year, and an additional 2 million to ship in the January to March quarter of 2007. The PlayStation 3 is due to be launched in Japan on November 11, and in North America, Europe and Australasia on November 17.

A day earlier, Mitsubishi UFJ Securities downgraded Sony stock from a "2" to a "3" on its rating scale, citing expected low shipments of the console.
-- PS3 fears mount as Sony stock downgraded on Hirai gaffe - Digital World Tokyo

Nice one, Kaz.

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