The North American launch of Sony's much-anticipated PlayStation 3 could be delayed until next year, according to a research report issued by Merrill Lynch. In the report (Click here for PDF), the analyst firm proposed the idea that high costs and Sony's decision to use an "ambitious new processor architecture--the Cell" is making it look like the company might not be able to meet its goal of getting the PS 3 out in the U.S. this year. The report suggests the possibility that the PS 3 would launch this fall in Japan and in late 2006 or early 2007 in the U.S. (Read More .... News.com)
By Cesar G. Soriano, USA TODAY USAToday.com - London : "This Christmas season, the hottest-selling gifts in Europe are pricey American products such as iPods, the Xbox 360 and celebrity-inspired fashions. That kind of shopping has led to a very American problem: credit card debt." Nationwide, 34% of Britons say they will use credit cards or store cards to pay for their holiday purchases this year. And one in five say they are still paying off their gifts from last Christmas, according to a December poll by Zopa, an online lending agency. "The UK has adopted the American habit of credit with vigor, and consequently consumers are rapidly getting in over their heads," says Steve Rhode, president of Myvesta.org, a non-profit, debt-relief group. In August, U.S.-based Myvesta opened an office in Britain to deal with the growing number of Britons in debt. The number of people filing for bankruptcy or insolvency in England and Wales rose 46% from 2004 to 2005 to a record, a...
Comments