Sony PS3: The Gang That Could’nt Shot Straight

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By Douglas A. McIntyre Published

Sony (SNE) has set a new low in screwing up its PS3. Already well behind Microsoft (MSFT) Xbox 360 and Nintendo Wii in sales, the big Japanese consumer electronics company said its would delay its new  "Home" virtual community service for the PS3 to early next year, the latest setback in its battle with Microsoft and Nintendo, according to Reuters.

Sony is still sticking with its target to sell 11 million PS3s in its fiscal year that will end in March, but it has not announced an anticipated price cut.

But, Sony is making it hard on themselves. Xbox 360 is launching it new "Halo 3" game which should push up sales of that game console. The Nintendo Wii does not need any help. It production can barely keep up with demand.

It looks like Sony is facing another year or two or more of losses in its gaming unit. Sir Howard Stinger must be steaming.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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