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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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.