Weekly News We Care About Wrap Up – 11.17.06

Sony losing money on each PS3 sold
Selling consoles at a loss is nothing new; it nearly put Sega out of business. But selling a console for a loss of $240 or $300? Those are some big numbers, especially considering Microsoft and Nintendo are making profit on each console they sell. There are a few ways to look at Sony’s situation.

Now if the PS3 had looked like this, it would be worth the money.

The optimistic person would say, “Sony are giving us an awesome bargain and we should thank them by paying homeless people to wait in line for a PS3.”… Read the rest