Following the news of Sony slashing its profit forecast due to the underperforming AV & PC divisions, Ken Kutaragi, president of Sony Computer Entertainment Inc. (SCEI) known by the PlayStation brand, admitted he and other Sony employees have been frustrated for years with management's reluctance to introduce products like Apple Computer Inc.'s iPod, mainly because Sony had music and movie units that were worried about content rights. The PSP by SCEI is one of the first Sony products that support non-proprietary standards such as MP3 or H.264, and now SCEI considers opening up the UMD disc format employed in the PSP.
Well, Sony should have stop supporting ATRAC crap and went with MP3 and with their walkman successes in the past could've came up with Itune like store before Ipod even existed..
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