Word: sales
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Nonetheless, investors won't see a payoff for years. Sony will probably lose $1.7 billion selling PS3s in its 2007 fiscal year. Analysts for the Yankee Group estimate Sony spends $700 to $800 to make each PS3, creating a loss on every sale. The games division won't return to profitability until several million units have been sold, as component prices fall and revenues from higher-margin software kick in. Said Stringer: Sony will "have to generate some excitement and profits from elsewhere in the company...
...from U.S. missiles some 15 years ago. "I always told them that America's interests [should be] a government that is put in place without the pressure of money. They had their own ambitions to capture certain individuals. But I told them to f___ off. We are not for sale...
Skyrocketing prices have left galleries and dealers scrambling to keep up with the demand. Sotheby's held its first sale of purely Chinese contemporary art in New York City only last March. A dozen or so foreign galleries from New York, London and Hong Kong have opened branches in Beijing and Shanghai in the past 18 months. Meanwhile, scores of local galleries have sprung...
...Throw up B) Do it again covered in honey while a swarm of killer bees is let loose C) Take 100 underprivileged children shopping at Target D) Brave the Macy's sale...
...pretty much moot anyway. Because of the difficulty of manufacturing Playstation 3's, Sony has only been able to put a few hundred thousand units on sale in the U.S., so unless you spent last night camped out in front of a Gamestop, buying a Playstation3 is not an option. Congratulations: you made the right call. And you smell better...