Ken Kutaragi, the father of the PlayStation, and one-time contender for Sony's CEO spot, resigned as PlayStation3 sales lag. The WSJ reports:
In March, U.S. retailers sold 259,000 Nintendo Wii consoles, 199,000 Microsoft Xbox 360s and 130,000 PlayStation 3s, according to NPD Group Inc.
Instead of being the hoped-for cornerstone of a recovery for Sony, videogame-related losses for Sony's year ended in March are expected to amount to $2 billion, or double original forecasts. That is expected to drag down the company's overall performance despite improvements in other businesses, such as televisions.
Looks like Kutaragi over-reached with the PS3, which combines the super-advanced Cell processor with a Blu-Ray DVD drive, pushing the cost up to $500. The latest Xbox, meanwhile, starts at $300.