Sony lost $4.7 billion on the PS3
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October 30th, 2009
The console business is a very expensive and risky endeavor — consoles are initially sold at a loss (unless your console is named “Wii”), in hopes that games and licenses will recoup those losses, which for a successful console, they eventually do.
Sony’s latest financial numbers show that the “Networked Products and Services”, which include console hardware and software sales, reporter an operating loss of over $650 million, but over the PS3s lifespan, the total losses for the console are a staggering $4.7 billion. Now you know why there aren’t more consoles on the market, when a brand like “PlayStation” can lose billions over a period of a few years.
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