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 TOKYO (AP) - Sony will lose about 50 billion yen ($413 million) in its video games business this fiscal year, and recovery won't come until the arrival of more games to play on the PlayStation 3 machine, a company executive said Thursday.
"The main point is that the PS3 will still be producing operating losses," Senior Vice President Takao Yuhara told a small group of reporters at Sony Corp.'s Tokyo headquarters.
On Wednesday, Sony reported that losses for the January-March quarter widened to 67.6 billion yen ($563 million) from a 66.5 billion yen loss a year earlier, largely on launch costs for the PlayStation 3, which went on sale in November in Japan and the U.S., and in March in Europe.
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