Sony delays PlayStation 3 console launch
Seattle PI | at | by Mike
Sony will delay the launch of its much-anticipated PlayStation 3 console until November, prolonging the agony not only for itself but also for many others in the video game industry.
Ken Kutaragi, the head of Sony's video games division, said Sony is still trying to finalize the copyright-protection technology and other standards for the Blu-ray DVD disc, the high-definition video format for PlayStation 3 and other next-generation DVD players.
The PlayStation 3 is critical for Sony's profits and brand image, so the delay from its promised "spring" debut is a major setback for the Japanese electronics and entertainment company as it struggles to mount a recovery after several years of poor earnings.