Electronics and entertainment giant Sony Corp said on Tuesday that year-end sales were "extremely good", pointing to strong sales for DVD recorders, the PlayStation 2 (PS2) game console and the all-in-one PSX.

"We sold 100,000 PSXs in the first week. It sells for almost 100,000 yen ($941) and it still sold out. There are no products out there that can say that," said Kutaragi.

Sony is banking on 2004 being a better year than 2003, which was marred by the "Sony shock" -- a $1 billion quarterly loss announced in April -- and restructuring announced in October that calls for a 13 percent cut in its global work force in the next three years.

Read more: Reuters.