Sony Prez Says He'll Buy Back Unsold PS3s for $1200

In a recent EGM interview, SCEA President Jack Tretton bristled at a question that implied the PS3 was an overstocked item sitting on store shelves because the initial wave of early adopters–which many believe bought the unit only to turn… Read More »

Last year at E3, Metal Gear Solid producer Konami announced it was in the works of putting together a deal to produce a movie based upon the action-stealth series. Hideo Kojima, creator of the series, was to head up the… Read More »

Blu-ray DVD Sales Pull Ahead of HD DVD

Both the Microsoft-backed HD DVD and Sony’s Blu-ray have struggled to take any sort of lead in the DVD market. However, Blu-ray has been pulling ahead of HD DVD according to Nielsen VideoScan, the DVD and VHS consumer research arm… Read More »

PS3/PSP Bundles Appear In UK as Launch Nears

Customers in the UK are preparing for the launch of the PS3 on their shores, and retailers are preparing by offering the system in one of the most hated things in gaming–a bundle. HMV, a large retail media chain in… Read More »

SCEA President Feels Pressure of PS3 Expectations

Sony has been the leader in the game console market for over a decade–a distinction that definitely has its advantages–but SCEA President, Jack Tretton, bemoaned the fact that this position carries quite a bit of pressure to perform, in statements… Read More »

Two weeks ago, Europeans were delighted to hear Sony’s announcement regarding the official launch date for the PS3 in Europe, as the highly anticipated console’s release had been pushed back last year due to shortages of the machine. But the… Read More »

Sony’s stance has consistently been to avoid discussion of a price reduction for the PS3, but this may no longer be the case, thanks to pressure from the apparent slowdown in sales and consumer sentiment for a downgrade in pricing…. Read More »

Bloomberg, the high profile financial analyst investment information company, estimates that Sony’s third quarter profit margin may fall as much as 50% compared to last year, according to a recent report released by the firm. The main reasoning behind the… Read More »

In addition to the recently announced date for the European launch of the PS3, Australia will also join in on the debut when the console is released in March. In an interview with Australia’s Gamespot, Sony exec Michael Ephraim gave… Read More »

The backwards compatibility issue, where PS2 games suffered from downgraded graphics quality when played on the PS3, has raised a response from Sony Corp in the form of a fix, which is available in the latest firmware release, 1.50. Last… Read More »