Sony: not affected by economy, anticipating PlayStation Home

 

The US economy has been on shaky ground lately, but Sony Corporation assures that the company's electronics line is unaffected. Chief Executive Howard Stringer cites Black Friday sales as a good indication of this, saying that PS3 and PSP sales were "very good."

Black Friday sales usually give a fair idea of how holiday sales would turn up and Sony did have a fine Black Friday growth indeed. Stringer is also optimistic for the arrival of PlayStation Home, which he sees as a key factor in the company's growth.

PlayStation Home, he says, "[will] put us in the direct line of fire with Apple Inc and Microsoft Corp," with both major companies offering non-gaming media services such as music and movie downloads. There's been a lot of excitement surrounding Home and might cause quite a stir on its release but we'll have to wait a bit more to see what happens.