Sony Computer Entertainment's chief executive Kazuo Hirai, has told influential Japanese newspaper Yomiuri Shimbun that the company's games division will, "return to the black in fiscal year 2008."

This is bullish talk from Kaz. In October SCE was forced to double its predicted loss for the games division for financial year 2006/2007 to excess of £425 million (100 billion yen). It did this based on a 126 billion yen (£535 million) loss for the division in the first half of the year.

Hirai - replaced 'father of PlayStation', Ken Kutaragi shortly after the above-mentioned financial statements were made. He's certainly trying to get into 2008 in a more positive frame than 2007, telling Yomiuri Shimbun:



"Games", you say, Kaz? About time to, at least that's if our readers - and gamers on many other forums - are to be believed. Price (and feature) cutting to the hardware has already born the fruit of healthier sales, but there's no point in having a console in your home if there's nothing to play on it. This is especially true of one that can't play older games!

We welcome more investment in games for PlayStation 3, as a two-horse race inevitably leads to one nag winning as the other one falls.

^{See the Associated Press}