Miscellaneous: PlayStation 3 lost over $1 billionPosted by: SB 

The numbers speak for themselves, will Sony's gaming system survive? With competition from Nintendo's Wii and Microsoft's Xbox 360 the Sony Playstation has a lot of ground to make up.

"Sony's gaming division has just lost $848 million -- double the figure from last year -- and first-half losses reached $1.1 billion."

Sony comments:

"In the game segment, operating loss increased primarily due to the loss arising from strategic pricing of PS3 at points lower than its production cost and the increase in PS3-related inventory write-downs recorded during the current quarter compared to the same quarter of the previous year."

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