Sony posts a half-billion 3Q loss…

The cuts come two months after Sony’s gaming unit posted a third-quarter operating loss of $443 million, largely due to hefty costs for the launch of its PlayStation 3 video game console.

Although Sony promised business at the gaming unit would improve by the latter half of the fiscal year, the company said declining sales during the October-December period of Sony’s predecessor console, PlayStation 2, as well as the handheld PlayStation Portable and PSP game software, hurt quarterly profits at the gaming unit.

The word “ouch” comes to mind. The sad thing is, very few of my friends are really going for the Playstation 3; most are waiting for the Nintendo Wii and/or are getting the Xbox 360. Even those friends who have a PS3 like ShingoEX are reporting not-so-good bits of information, like how it took him FIVE HOURS to download a 650 MB demo from Sony. The more I see from Sony these days, the better I feel about having gone with the Xbox 360 when I did… heh.