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Post by Eorl @ 02:31pm 02/05/14 | 8 Comments
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.

Games Industry 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."

sonysony computer entertainmentfinancialplaystation 4

Latest Comments
Posted 02:39pm 02/5/14
Lose on hardware, gain on software. The next few years should be a positive for them.

How much are PS4 games anyways? I remember PS3/Xbox games hitting the $129.99 mark for some titles.
Posted 03:33pm 02/5/14
Lose on hardware, gain on software. The next few years should be a positive for them.
Sony were losing money during the PS3's best years. The problem is with everything else they make: TVs, cameras, phones, and films.
Posted 06:01pm 02/5/14
Yeah Sambung are kicking their arse.
Posted 06:04pm 02/5/14
Samsung should make a Console.
Posted 06:08pm 02/5/14
Samsung should make a Console.

Consoles should f*** off and everyone should have HTPC's with console grade controllers.

One language, one architecture. Better for devs, better for us. Oh, sucks for MS and Sony though..
Posted 06:14pm 02/5/14
Posted 07:39am 06/5/14
Finally the fall of console is near, Rise pc master race..... RISEEE!!!
Posted 10:27am 06/5/14
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