Sony dropping PlayStation 3 chip in Europe
Sony Corp. is removing a chip from the European version of its new PlayStation 3 (PS3) game console, a move that cuts costs but means users cannot play some of their old games. Unlike the PS3 being sold in the United States and Japan, the European version will not carry a Sony-made microchip that offers graphic- and data-processing functions for PS2 games, cutting production costs.
Sony shares rose nearly 3 percent after the news, which is expected to expedite efforts by the Tokyo-based electronics and entertainment conglomerate to turn its PS3 operations profitable — a focus for investors. Sony, locked in a three-way battle with Microsoft Corp. and Nintendo Co. Ltd. for dominance of the $30 billion video game industry, now makes a loss for each PS3 it sells.
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