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Wednesday, March 15, 2006

CNN Money On PS3 Delay

Sony finally admitted to what everyone already knew ... don't go waiting for the PlayStation 3 over the summer, it's now not due out till November. Although we go get a "near" simultaneous release fo Japan, North America and Europe. Which is nice.

CNN Money lays down the quotes:

"(The delay) is negative news, but it was expected," said Mitsubishi UFJ Securities analyst Hirotoshi Murakami.

"The launch date is before the Christmas shopping season, so it is avoiding the worst scenario," he said, adding that some analysts had speculated the PS3 would not hit the market until next year.

Toshiaki Nishimura, senior analyst at Yasuda Asset Management, said he believed the delay was likely to have a short-term impact on earnings.

"Because game sales are a big source of earnings for Sony...and because the release is being pushed back by half a year, this is likely to drag earnings in the first half of next year below the market consensus," Nishimura said.

The market expects Sony to post an operating profit of ¥167.04 billion in the business year from April, according to a consensus estimate of 19 analysts compiled by Reuters Estimates.

KBC analyst Hiroshi Kamide said the delay of the PS3 also bodes ill for Japanese software developers, many of whom rely on PlayStation's popularity to drive revenues.

"There's nothing in the first half of the year, and the install base in the second half will be so small it will have no material impact for earnings at all," he said. "This is going to be a horrendous year."

Kutaragi blamed the delay on the belated finalization of the copy protection technology standard for the Blu-ray Disc drive, a next-generation DVD player that will be included in the PS3.
-- Sony's PS3 game console delayed

Doesn't sound too disastrous, unless it slips to 2007 and misses this holiday season. It's hard to say how much of a lead the 360 will get ... especially since I still haven't seen one anywhere but a Best Buy kiosk.

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