European PlayStation 3 launch delayed

Reports broke out last month that Sony was likely to halve its year-end shipment target for the PlayStation 3, and it's now clear why. Sony has announced that the PlayStation 3's European launch has been pushed back all the way to March 2007, four months behind the originally-announced November 17, 2006 release date. As a result, Sony indeed expects to sell only two million PS3 consoles this year instead of the originally-planned four million.

The delay is due to shortages of blue laser diodes necessary for the PS3's internal Blu-ray drive. Instead of facing limited worldwide supply, Sony seems to have decided to prioritize the Japanese and North American markets. The PS3 is still scheduled to launch in those markets on November 11 and November 17, respectively.

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