PS3 price reduction blamed for Sony Q3 losses

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http://www.gamasutra.com/db_area/images/news2001/40031/ps3slim3.jpgSony has posted financial results for the third quarter of the 2011 fiscal year, with a notable decline in revenue and a swing to losses year-over-year recorded for its Consumer Products & Services division, which houses its PlayStation business. The company said that the losses were due in part to the higher marketing costs for promoting its network service platforms, and the lower revenue from PlayStation 3 hardware as a result of the price reduction ...

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