Sony Corporation president Howard Stringer has earmarked the restoration of profits to Sony's businesses as the company's top priority. He pointed to the gaming and TV divisions as the two main areas of focus for this drive. More consoles are also being sold, giving Sony a good chance to meet its goals. More in the full article up next.

Even after gaining a lot of headway in the recent holiday season, there are still some unanswered questions for Sony about bleaker issues like unemployment. The details in the full article.

The US economy has been on shaky ground lately, but Sony Corporation assures that the company's electronics line is unaffected. Chief Executive Howard Stringer cites Black Friday sales as a good indication of this, saying that PS3 and PSP sales were "very good." He's also optimistic for the arrival of PlayStation Home, which he sees as a key factor in the company's growth. Read more in the full article.

Michael Pachter once predicted that the ongoing format wars will be a deciding factor in the fate of the next-gen consoles. He'd probably to have rework the theory if Mike Eves' prediction comes to pass.

Eves, retail marketing executive of the consumer products division in Toshiba, says that HD DVD and Blu-ray will probably end up co-existing together rather than one winning over the other. Read more in the full article.

The PlayStation 2 was crowned the most dominant console during its era with over 120 million gamers purchasing the system. Sony Chief Executive Officer Howard Stringer, in an interview, said that the PlayStation 3 is slowly following the pattern of the PS2.

Want to know more? Head on over to the full article to find out what Stringer had to say about this.

Sony's CEO Howard Stringer talks about the state of Sony PlayStation 3 after enjoying a certain level of success, as well as what-might-have-beens between the two currently opposing media formats: HD-DVD and Blu-ray. Aside from these, Stringer also shares his other comments regarding Microsoft decision in supporting HD-DVD. Read the full article and find out all about it!

As Chairman and Chief Executive Officer of Sony Corporation of America, Howard Stringer has had to dodge flak on behalf of Sony. But Stringer has high hopes for Sony's future and plans to make Sony Corp. meet its goal of a 5% profit margin for next year. Here are some things that will help him, according to ABC News:

• In October, Sony reported a big profit loss (more than 90%) because of the laptop battery recall and expenses related to the PS3 rollout. But Stringer said the PS3 should break even by the end of the year.
• The Bravia TVs and audio products are doing well with gross margin profits of 4%. This is according to Stan Glasgow, president of Sony Electronics of America.
• The Sony Reader (an electronic book or e-book reader) are also selling well in the US. Sales of downloadable e-books are better than music sales from Sony's Connect Store. They'll also release a new wireless Sony Reader (to compete with Amazon.com which is expected to enter the e-book market).

The PS3 has to pull its own weight when it comes to making money. The old Sony practice of letting one division make the money so that another division can spend it is over, says Stringer. But with all the good news, that shouldn't be too hard to do. You'll see.

By the way, to keep the good news rolling, analysts are now affirming that the PS3 is expected to sell better than the Xbox 360 or Wii worldwide, so you can expect articles about that soon.