Sony Bets 34 New PlayStation 3 Titles Will Pare Losses (Update1)

May 17 (Bloomberg) — Sony Corp. and video-game publishers will introduce 34 titles for the PlayStation 3 console in the next year as the company rebuilds sales in the money-losing unit.

The PlayStation 3 games, including 15 developed in-house and 19 from independent publishers, were unveiled to reporters and analysts at the company’s San Diego development studio.

Sony’s video-game unit, which sold more than 100 million PlayStation 2 consoles, is under pressure to increase sales of the new console, ranked third behind Nintendo Co.’s Wii and Microsoft Corp.’s Xbox 360. PlayStation 3 contributed to Sony’s $562 million fourth-quarter loss, the biggest in four years.

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Tags: Sony, PlayStation 3

Post Categories: Sony PS3 • Sony PS3 Facts • Sony PS3 Games • Playstation 3