In an interview today, chief executive of Sony Computer Entertainment of America Jack Tretton said he expects the PS3 price cuts and lineup of popular games due ahead of the Christmas holiday will lift the entire video game industry, following some six months of sales declines.
However, he also noted that higher demand for the PlayStation 3 could leave some retailers out of stock.
To quote: "In a very difficult economy, I couldn't be more optimistic about our fortunes for the rest of the year and for the future," he said.
But he noted that higher demand for the PS3 could leave some retailers out of stock.
"If things continue at this pace, it is conceivable that there will be product shortages," Tretton said.
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