Sony sticks to PS3 targets

Japanese electronics giant stands by projections of video game console shipments; says cost of battery recall remains $435.5M.


(REUTERS) -- Sony said there is no need to change its targets for worldwide shipments of its PlayStation 3 game console.

The Japanese electronics giant still expects 2 million units of the new video game console to ship by the end of December and 6 million by the end of March.

Sony (Charts) also plans to achieve a five percent operating profit margin for the year starting in April, Sony President Ryoji Chubachi told reporters.

He added that there is no change in its estimate that the recall of batteries it supplied for notebook computers will cost 51.2 billion yen ($435.5 million).  Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.