When turned on it goes yellow and then red light flashing

SOURCE: PS3 does not turn on. When I press the on button, red light turns green thne to yellow then to flashing red.

This is called a System Error. It is about the same as the Xjunks ring of death. You need to call Sony if you haven't broken your seal yet.

SOURCE: when i turn ps3 on red light turns green then

Yes, what you have here is called the Yellow Light of Death, or (YLOD) for short. On PS3's, getting a YLOD is a 3% chance, while the XBOX360 gets a higher chance for the RROD.

I'm not sure exactly how to fix it myself, but hopefully this will help you.

http://www.youtube.com/watch?v=4_Ic1_TY-GU

SOURCE: My PS3 has a flashing red light, when I turn it

Hello there baileys 946

If you have the brief flashing yellow light, then its followed by a red blinking light then you have the yellow light of death AKA the YLOD.

The lights are a warning sign to let you know something is wrong. I can give you the quick explanation, There are 2 chips on the motherboard inside the PS3, the GPU (graphics) and the CPU (brain), when playing the ps3 the solder heats up and when you finish playing it cools down, over time this will cause the soldering to crack and the chips to lose connection with the motherboard and you get the YLOD.

WHERE TO GO FROM HERE

Option 1 - Call Sony

In warranty the Price is Free, out of warranty the Price is $150, the whole process is 4-6 weeks

You can call Sony and they will collect the PS3, repair/replace, and deliver the PS3 back to you

Option 2 - Fix it your Self

You can use a PS3 fix manual to get this fixed easily and at home using household tools you probably already own.

Click here to know more on PS3 Fix Manuals which has helped so many people like you.

Good luck

Best regards

Peter