ccording to a report from Compound Semiconductor, Sony announced that their PlayStation 3 production woes are over. Sony currently makes 1.7 million blue lasers per month, and expects to ship 11 million consoles in the twelve months to April 2008.

“Production problems have now ceased, we're in full production as far as Playstation 3 is concerned and there's a steady chain of supply in North America, Japan and Europe,” said a spokesperson for the Computer Entertainment division of the Japanese corporation.

In its annual report, Sony said it sold 5.5 million Playstation 3 units in the fiscal year ended March 31 2007, and the company expects to establish the same business model with the PS3 that the PS2 saw success.