President of Sony Computer Entertainment Inc. (SCEI) Ken Kutaragi has stated that Sony has missed out on the sales of MP3 players and other gadgets by sticking to proprietary formats such as ATRAC. ATRAC (Adaptive Transform Acoustic Coding) is a psychoacoustic audio coding and compression system used exclusively by Sony in, for example, MiniDisc devices and Sony Connect online music store.
The tables are slowly turning at Sony, and Kutaragi sees that new devices, such as the PlayStation Portable (PSP) will help Sony to reach levels of success it enjoyed in the past with Walkman and other innovative products.
Sony is boosting production to one million a month this spring to keep up with demand for the PSP. The device has sold over 800,000 units in Japan since going on sale December 12th. US and European launches are set for this spring.
Source: Forbes












