Sony has issued a statement to investors late last night revising their expected losses for the end of the financial year, saying it will lose nearly $200 million more than originally expected.
reported on the news, explaining that the company is now predicting a net loss of ¥130 billion ($1.27 billion) where in February it forecast a loss of ¥110 billion ($1.07 billion). Moving back further, at the end of the last financial year it expected a ¥50 billion ($489 million) profit. This is all despite Sony Computer Entertainment's rather successful start to the PlayStation 4 life cycle, which has seen the new-gen console already surpass 7 million units sold since launching in November 2013.
A Sony statement reads, "Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony's spring PC lineup.
"In addition, certain restructuring charges are expected to be recorded ahead of schedule. As a result of these factors, an additional total amount of approximately ¥30 billion in expenses is anticipated to be recorded in the fiscal year ended March 31, 2014."