Sony’s PS3 is delayed until Christmas:

TOKYO - Sony will put off the release of its much awaited PlayStation 3 console until November from its planned spring debut because of delays in finalizing its next-generation optical disc technology, the company said Wednesday.

Ken Kutaragi, the head Sony’s video games division, made the announcement at a hastily called news conference after reports of the delay surfaced in the business daily Nihon Keizai Shimbun and other papers.

The PlayStation 3 is critical for Sony Corp’s profits and brand image, so the delay is a major setback for the Japanese electronics and entertainment company as it struggles to mount a recovery after several years of poor earnings.

I don’t know if I’d necessarily call this a “major setback” for Sony, but they certainly do have their work cut out for them.

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