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NewsPlaystation 3 Helps Sony Win Blu-ray War and Lose $3 Billion

Posted 06/24/08 at 09:43:08 AM by Paul Lilly

Sony's decision to slap a Blu-ray player into its Playstation 3 console helped seal HD-DVD's fate as the modern day Betamax, but the costly hardware also helped contribute to a whopping $3 billion loss in hardware sales, according to a Kotaku report. Sony's fiscal 2008 annual report also pinpointed "the large-scale investment required during the development and introductory period" as a contributing factor. Throwing salt into the financial wound, the now ancient PS2 sold more hardware than the PS3 in fiscal 2008, and nearly three times as much software. Ouch.

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