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  • irishtimes.com - Posted: January 31, 2009 @ 6:00 pm

    Ouch.

    Ciara O'Brien

    Remember when Sony boss Kaz Hirai told us all we’d want to get second jobs to buy the PS3?

    Turns out these days most people prefer to keep that second job for things we actually need, like paying bills.

    Sony is feeling the effects of the global recession.

    By anyone’s standards, a 95 per cent fall in profit is a Bad Thing. It seems like no one really wants to be splashing their cash on HD TVs and camcorders.

    The games division was looking just as bad, with a fall of a third in sales. PS3 sales dropped 9 per cent during the Christmas period, while the PS2 and PS2 also suffered – but it seems there will be no cut in price for the PS3, which is still the most expensive console on the market at the moment.

    I remember certain people touting the console as a cheap Blu-Ray player when it was first released, but considering that you can pick one up for under €200 that argument doesn’t hold much sway any more.

    The good news for Sony was that sales of its games were up.