Stringer: PS3 no longer on life support

Sometimes it's interesting to get a peek behind the curtain at some of your favorite multinational conglomerates -- in this case, Sony. In a fit of honesty, Sony CEO Sir Howard Stringer commented that while Sony is not yet out of market troubles, it is on the right track. After commenting on closing their 5% margins, Stringer described the situation as "... a sort of sense of, we're climbing up the mountain. We're nowhere near the top, but we're halfway up... The level of competence is growing, which is the main thing."

The PS3 was quoted as "sort of on life support before" but things have changed considerably thanks to Blu-ray and the PlayStation Network. Stringer knows that Sony is also supporting digital distribution, but doesn't see optical media being tossed aside for another ten years. To close with an analogy of the PS3 and Sony's current standing, Stringer said that it is "a giant department store competing with companies that are really skillful boutiques." Sounds fair enough. Good to know the PS3 is doing better in Sony's eyes, but what about yours?

[via Gamasutra]