From gamasutra.com:
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At the ongoing D: All Things Digital conference in Carlsbad, California, Sony CEO Howard Stringer painted his company as not yet out of its market troubles, but on track.

"We're coming along, I think," he said in an onstage Q&A at the event. "Culturally, the word 'profit' is not high on anybody's agenda in Japan, and we've turned that around. We closed our 5 percent margins... There's 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."

According to a paidContent.org report, Stringer admitted the PlayStation 3 was "sort of on life support before," but has improved considerably, in large part because of features such as Blu-ray and PlayStation Network, which expand the machine's capabilities beyond gaming. PlayStation Network recently reached the five million subscriber mark.
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Full Story: gamasutra.com

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