Sony stock drops after Merrill Lynch predictions
The financial firm expects PS3 to be delayed until fall in Japan, but Sony holds strong to its spring release plans.
Sony’s stock is down on the Japanese market today, following a report from Merrill Lynch that predicted Sony would be forced to delay the PlayStation 3 until Fall 2006 in Japan and early 2007 in the U.S. The Merrill Lynch report, among other things, cited the manufacturing cost of the PS3 — about $800, according to their calculations — as prohibitively expensive for a spring launch.
Still, Sony holds strong to its spring release deadline. Here’s what a spokesman told Bloomberg news:
“There is no change in our original plan to release the console in spring 2006,” said Kei Sakaguchi, a Sony spokesman in Tokyo.
Can’t get much clearer than that. We’ll just have to see if they come through in the clutch.
• Sony Shares Fall on Report of PlayStation 3 Delay [Bloomberg]