|
Sony Corp Chief Executive Howard Stringer brushed off concerns that the PlayStation 3 video game console is too expensive, and said the company is unlikely to sell parts of its business amid the recession. Stringer, arriving at the Allen & Co conference in Sun Valley, Idaho, on Tuesday, described recent comments about PlayStation's price by Robert Kotick, the CEO of video game publisher Activision Blizzard Inc, as standard business tactics. "He likes to make a lot of noise," Stringer said, when asked about the comments. "He's putting pressure on me and I'm putting pressure on him. That's the nature of business." Last month, Kotick told the Times of London that Activision might cease developing games for the PlayStation if Sony did not cut the price of the console, which competes with Microsoft Corp's Xbox and Nintendo Co Ltd's Wii. "When we look at 2010 and 2011, we might want to consider if we support the console," Kotick had said. Asked about the logic of not cutting prices, Stringer said, "I (would) lose money on every PlayStation I make - how's that for logic." Stringer and Kotick are among the couple of hundred tech and media executives convening in Sun Valley this week for the annual confab. Asked about consolidation in the entertainment industry, Stringer said Sony was not looking to get rid of any assets. "We're learning to fuse content and hardware. This wouldn't be a time to get rid of either," he said. Stringer said he will be participating in a panel about the recession at the conference. "I see green shoots but it's a very light shade of green," he said. While the executive said that the economic situation in most of Asia is looking good and that he sees a bottom in China, it was still too soon to call a bottom to the recession overall. "It's very hard to tell whether this is just a minor trough on the way to recovery or a trough on the way to a trough," said Stringer. |
Mixx
Facebook
Twitter
Digg
delicious
reddit
MySpace
StumbleUpon
LinkedIn
Playstation certified HTC phones and tablets coming soon
Here’s something no one expected. It appears as though HTC is going to be the first smartphone and tablet manufacturer, outside Sony, to get the
Market Watch: Tablets (Feb 2012)
CEO Hirai to network Sony content and gadgets, be tough on costs
Sony India launches 65-inch BRAVIA LED TV
Cellphone makers can expect poor reception in 2012
Sony Ericsson officially launches Live with Walkman droid in India
Two new Xperia handsets spotted
Have you grown tired of the same game being repacked year after year? Us too and this is the place t...
Leaked Images, Availability, Pricing,
Specs, Pre-order
Resident Evil: Operation Raccoon City Interview
We sit down and talk to producer Mike Jones who assures us that fans have...
By Avinash Bali
6 reasons to get excited for Resident Evil 6
Not stoked about Resident Evil 6 yet? Here are six reasons that may just...
By Avinash Bali
If you thought Kratos was the angriest dude in video game history, you...
By Avinash Bali
Rahul Mukherjee
Wed Feb 15, 22:19:14
Top smartphones under Rs.10,000
Pintu Patel
Wed Feb 15, 20:14:09
Presenting TukTuk, A GPS Based Auto Fare Calculator
Sripad Vaidya
Wed Feb 15, 19:50:41
More from Gaming
More from this Author
_011517074205_160x90.jpg "Epson Stylus Photo R3000")
Gigabyte readying affordable dual SIM...
HTC rumoured to be working on a streaming...
Authorities seize iPads over trademark...
iPad sales to surpass PCs, believes Apple...
About Us | Site Profile | Tech2 Team | IBNLive News | IBNLive Hindi News | Cricket News | Indian Stock Market | Policy | T & C
Copyright © 2011, Tech2.com India - A Network 18 India Venture
