Why is PSP so expensive

[Crash]

cause Sony can't afford to lose anymore money on it's operations.


Sony's total debt stood at 6.71 trillion yen ($61 billion) on June 30

http://quote.bloomberg.com/apps/news...As0&refer=asia

Sony's shares fell 1.5 percent to 3,890 yen today in Tokyo. The Nikkei 225 Stock average rose 0.4 percent.

Standard & Poor's today said it is reviewing Sony's A+ long- term debt rating, its fifth-highest, for a possible downgrade because the acquisition may damage Sony's balance sheet. MGM's losses over three years, which total about $740 million, make it ``uncertain what contribution MGM can make to Sony's profits,'' S&P said. Sony's total debt stood at 6.71 trillion yen ($61 billion) on June 30.

That's a lot of debt... Microsoft has lost $5+ Billion this generation too... No wonder Nintendo is in no hurry to try and take over the #1 spot. They are still making good money even in last place.