Sony’s Stringer: We Can’t Make Enough PS3s

Spong: Sony CEO, the 66 year-old Sir Howard Stringer, has told German news outlet Welt Online that he does not expect the R&D cash spent on PS3 to be recouped soon. Asked by the Welt if he could ever see the $3 billion ($1.6b or €2.03b) spent on development of the console, he responded, "Not for as long as I live (laughs). It will certainly take some time."

He was, however, bullish in terms of consumer uptake of the PS3, saying that, "Consumers are purchasing our PlayStation 3 video game consoles faster than we can produce them."

"We currently have a production bottleneck with the PlayStation 3", he continued.