Updated: Tuesday, 03 October 2006 Sony Shares Drop on PS3 TGS Issues
By Kris GraftPrint | Send to a friend | Email the editor
[UPDATE]Sony shares dropped 2.75 percent today in the wake of reports that PlayStation 3 units had to be frequently reset at the 2006 Tokyo Game Show; Sony says problems caused by high temperatures at venue. [SCEA calls reports "unsubstantiated."]
A report from Macquarie Securities analyst David Gibson helped spur investor concern over Sony’s next generation machine.
"While the reason for [the PS3’s technical difficulties] is unknown, we suspect it may be due to overheating as a result of enclosing the units and the high temperatures at the [TGS] venue," Gibson wrote in a report. "We are concerned that such a problem has occurred so close to full production and is clearly negative news for the company."
Shares for Sony dropped 130 yen ($1.11) on Tuesday on the Tokyo Stock Exchange following the report.
Sony spokesperson Nanako Kato clarified the company's position on the matter to the Associated Press, saying that the 200 PS3s at TGS were grouped closely together in poorly ventilated in kiosks causing overheating issues and subsequent failures.
Kato said, “It's not a problem with the PlayStation 3 unit itself. For a normal player at home, there shouldn't be any problem."
SCEA hadn’t replied to Next-Gen’s inquiries on the matter as of press time.
[UPDATE] David Karraker, senior director of corporate communications with SCEA, responded to Next-Gen's inquiry regarding the TGS overheating accusations in Gibson's aforementioned report.
He called Gibson's comments "unsubstantiated" and that "comments related to the alleged failure of PS3 units at TGS are also not attributed to a source."
Karraker offered up SCEA's official defense of the PS3's TGS performance to Next-Gen:
Despite the report from Macquarie Securities implying that they had heard of reports of PS3's needing to be rebooted at TGS, SCEI are not aware of any instances of this occurring at TGS, nor have we received any reports from third parties to such effect.
On the Press Day on Friday, and throughout the weekend the PlayStation stand was inundated by specialist gaming media, the majority of whom would have noticed if there had been a general problem with console overheating.
The environmental conditions at TGS conspire to test any electrical item. In the case of PS3, the combination of pre-production software, running on pre-production debug units, enclosed in demonstration units without ventilation, and surrounded by so many eager fans that on Saturday and Sunday it was almost impossible to move, are bound to prove a challenge.
If indeed, there was the occasional unit that needed rebooting, it was due solely to the adverse environmental conditions within the Hall and not to any more general problem with PS3.
PS3 does not suffer from an overheating problem.
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Source - http://www.next-gen.biz/index.php?option=com_content&task=vie
w&id=3930&Itemid=2
Not a PS3 fanboy, but I love all the hate the PS3 is getting on OT. Prototypes at times fail and have issues, that's why they're prototypes. Let's see what issues the full blown production PS3s have after they come out. We'll see if there's a overheating issue similar to the 360.