Earlier today in Japan, Sony's stocks took a tumble when Mitsubishi UFJ Securities lowered its rating on the electronics maker from "3" to "2" and sliced its estimates on PS3 sales due to manufacturing difficulties. While Sony declined to comment, the analyst noted:

In the medium term this would mean that it would take longer for Sony to recover its huge investment in PS3 and thus we are downgrading the stock.

As with the PlayStation 2, Sony expects to start turning a profit within five years of launch; however, slower initial console sales would actually help the company as a massively damaging loss is expected on every sold console. Sony, forget what the pundits say. We believe in the PlayStation 3. Strike that, we believe in the PLAYSTATION 3. Brian Ashcraft

More Here [Reuters]

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