PS3 slated to break-even in August

Sony predicts that August will be their black month for the Playstation 3. Rising up out of the red and into the break even point earlier than expect is great news for Sony’s shareholders. Right before the beginning of this year holiday shopping season, which of course will send them sailing into the green, is music to shareholders ears. Grand Theft auto IV(GTA IV) will be released tomorrow(Tuesday) and is dubbed to be the fastest selling video game to date. While cracked versions have hit the underground scene for the past week, everyone will be rushing to the video game stores to pickup this hot new game.

Analysts previously predicted the break-even point for the PS3 for November of this year. Sony (SNE) is currently up 0.44%, so it appears that this news, so far, has not affected their stock price. The Inquirer reports.