Sony's Credit Rating Downgraded

Gamasutra has the news that electronics giant Sony has had their credit rating downgraded from A+ to A by credit ratings firm Standard and Poor's. The move is seen primarily as a result of the PSP's impending launch. From the article: "Although Sony's PlayStation Portable (PSP) was not mentioned by name, many consider the unexpectedly low Japanese launch price of the console, 19,800 yen (USD$186), to be one of the major causes for concern. With some suggesting that Sony will lose significant amounts of money on every PSP sold, the company will be looking at a loss of tens of millions of dollars in the first year of the format."

Comments

Re:Open source could help

[hab136]

I don't know why they don't open source development for these game platforms, I know I'd love to develop games for new consoles.

Because they make money off every game sold, by licensing access to the SDKs and whatnot.

That's why they want more games - they get more revenue. Homebrew games normally don't make them money.