Since the Games Convention began on the 23rd August there seems to be very little PS3 news and rumours are circulating that Sony will not reach its PS3 shipment target. The Inquirer are reporting that, although Sony have the hardware in Liepzig, they are not switching it on. Apparently Sony are claiming that it is the final build but didn't want to show off the console because 'here is a hidden secret feature that Sony doesn’t want to show off yet.'

Analysts have also slashed their shipment predictions for the next-gen console as Sony shares dropped yesterday. Sony had forecasted that 6 million Playstation 3 systems would be shipped by the end of March 2007, but the anaylst, Mitsubishi UFJ Securities has predicted that only 3 million units will be ready and have also dropped Sony's company rating from '3' to '2'.

Shares in Sony fell by 3% yesterday.

Source : The Inquirer and Reuters [advert]