News - Over $4.5 billion loss for Sony since PS3 launch

[HEXUS]

The latest figures reveal that Sony has suffered in excess of $4.5 billion in losses since the launch of the PS3.

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[Trash Man]

I don't think the PSPgo is going to help matters much for Sony either.

[razer121]

defo not, you can get a ps3 preowned cheaper then the pspgo lol what a rip of...

[Rob_B]

How the hell are they still around!?

[spoon_]

Will Sony match Nintendo loosing 47% in profits? Don't think so.

Let don't forget that Sony isn't only about PS3....

[shadowmaster]

How the hell are they still around!?

As said above they do a lot of other stuff, tv, projectors, sound, the list goes on.

I really dont know what Sony were thinking with the PSPGO, in this current climate you need something cheap (around £100 or less). They would have probably been better off slashing the price of the current psp lite.

[kalniel]

Will Sony match Nintendo loosing 47% in profits? Don't think so.

Of course not - you have to be making a profit in the first place in order to have it cut by 47%.

[aidanjt]

You mean they're not blaming pirates?.. Holy crap.

[TooNice]

Seems like Microsoft is the only one with a good quarter: http://news.vgchartz.com/news.php?id=5645

[Rob_B]

As said above they do a lot of other stuff, tv, projectors, sound, the list goes on.

I really dont know what Sony were thinking with the PSPGO, in this current climate you need something cheap (around £100 or less). They would have probably been better off slashing the price of the current psp lite.

I'm obviously aware of Sony's other products but it just seems an obscene amount, I realise they lose money on hardware hoping to recoup it via software but this just doesn't seem to be working for them does it?!
I wonder if/when plugs will be pulled?

[TooNice]

They have to think long term. They pull the plug now, screwing the customers wealthy/loyal enough to buy their product, and they may as well leave the gaming industry altogether. Plus, it's not like their year-by-year losses are getting worse.

[Ferral]

Not forgetting that after a few years and hardware revisions, products start to become cheaper to manufacture. A company like Sony wont give up on something they have invested a lot of time and money in. They will only get stronger, few weeks back shortly after PS3 Slim was launched they outsold Nintendo Wii in Japan, definately a step in the right direction

[Rob_B]

Again I'm aware of all this but it still seems a large loss & surely at some point a line must be drawn.

Any figures for profit on the PS2? Looking back at something from 2007 I've read the PS3 losses were above the PS2 profits, as this trend has continued for another 2 years from then them's some big numbers!