PS3 spurns recovery for Sony (much like cocaine spurns recovery in narcoleptics)

Sony is a company that was once the talk of the tech sector. With their gargantuan successes - including the ubiquitous Walkman and their line of chic televisions - Sony has traditionally been the Icarus of technology, soaring above their competition on wings made of dreams and solidified wax. Sadly (for them, not this analogy) Sony flew too high, and has recently seen a string of failures including the MiniDisc, every DRM scheme they have ever concocted, and last year's storied $1.93 billion splatter of red ink from their PlayStation 3 console.
Sony CEO Howard Stringer, however, believes the PS3 to be the key to Sony's future, and he said as much to shareholders at a meeting in Tokyo earlier today. To quote the man behind the tie:
We always lose money in the hardware initially, and we recover that money gradually…We believe that the PS3 going forward will be vital to […]

Original post by mrdestructoid@gmail.com (Destructoid.com) and software by Elliott Back