Speaking at Games Convention Developer Conference yesterday Acclaim boss David Perry has said that stands little chance of making a profit from it's Playstation 3 platform.

The respected veteran said that the has lost more money for Sony than the previous brought in during its peak. A bold claim given the substantial sales the old console produced.

"Because of the cost of making the PlayStation 3 and because they sold it at a loss, Sony basically has pretty much no chance of making money on the PS3, because it's lost more money than they made during the entire peak of the PlayStation 2" said Perry, "it's not going to happen again for Sony".

Meanwhile back at the Sony camp, they are persisting with their 2008 is the year of the PS3 line, touting releases such as and PlayStation as drivers of future success.

By Jason Cartwright