Whoa, What Are You Doing Sony?

july 5, 2006

Sony just took out a $700 million loan! That's on top of the huge financial gamble that they are taking with the PS3. This is Sony's first bank borrowing in 10 years. Following on the lines of the PS3 launch, Nintendo could be launching their console, Wii a few months earlier than expected. Sony is launching the PS3 on November 17, analysts are saying that Nintendo could launch the Wii late September or early October. Nintendo has already started manufacturing the Wii. Sony has yet to start manufacturing the PS3. It is pretty scary to think about what will happen to Sony if the PS3 fails on the market.