After seeing a bump launch last November, and receiving many harsh comments from industry analyst and insiders, the PlayStation 3 has taken the first step into turning things around and becoming a dominant force in this generations console battle.
After much pessimism, many analysts are now showing some favor to Sony as recent events such as the Dubai investment and PS3 price cut has lifted consumer and industry confidence into the Sony camp.
"Going forward another 12 months or so I’m sure we’ll see better titles turning up as well. I wouldn’t say Sony’s back on form and everything is going to be OK now but it feels like the proper launch [for the PS3] this year." says Kiroshi Kamide of KBC Securities. Furthermore Kamide said that Sony is "making up lost ground."
On the other hand, David Gibson of Macquarie Security mentioned, "It’s certainly a sign that the momentum of the PS3 business is improving.
"The PS3 and the games business is past the worst in terms of financial losses and the sales momentum is improving because of the price cut and the new model."
This all comes as great news to Sony and their fans because the company has been the source of a lot of negativity starting back with launch of the PS3 and its heavy price point. This momentum of Sony and the PS3 is expected to carry over into 2008 as the heavy hitter titles such as Metal Gear Solid 4 release.
Source: GamesIndustry.biz