Wow. Interesting, frank and open comments about just how close the PS3 was to failing, by Sony’s CEO, Howard Stringer.
Stringer: PS3 Was On “Life Support” : Next Generation:
By Kris Graft“Two years ago PlayStation was on life support,” Stringer said during The Wall Street Journal’s D: All Things Digital Conference on Wednesday.
Lofty development costs for the console were nearly “catostrophic” for his company, he said.
Stringer said as early as January this year that PS3 was “out of the woods” after a rough launch, hindered by a high retail price tag, stiff competition from Xbox 360, and a slim games lineup.
As for the movie format war, Stringer said that if HD-DVD would’ve won, a reference to “Betamax 2” would’ve been engraved on his tombstone.
I love how honest he is about the fact that PS3 was in horrible shape, and just how dire the situation was.