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Sony's PlayStation 4 is already profitable

May 23 2014, 12:21pm CDT | by , in News | Gaming

Sony's PlayStation 4 is already profitable
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It is on course to beat the PS2's success with increase in sales by 53%

Nobody likes the sight of losses in financials and Sony is particular should be focusing on a way to reverse these losses. The only way to do so is to make sure that the highest selling products such as the PS4 bring in the profits of the company. And Sony should feel safe and lucky because their gaming console is doing perfectly well in the market and is bringing in large sums of revenue for the company. The PS4 has already recouped Sony's investment in the hardware, and it now looks set to beat profits achieved by the internationally legendary PS2.

A corporate strategy meeting was recently held at which Sony president Kaz Hirai stated that the PS4 was "already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses." It is clear enough that the president here is referring to the PS3 which was quite disappointing for the company as it took three years to shed its loss-leading status, after cancelling out gains made from Sony's "biggest gaming success," the PlayStation 2.

 

The remarks about the PS3 haven’t shocked us at all. There is no doubt left that the PS4 is doing exceptionally well as compared to its predecessor and its sales have gone up by 53 percent. Sony’s gaming services have also helped a lot with the bottomline; "approximately half" of the 7 million PlayStation 4 owners worldwide having subscribed toPlayStation Plus.

source: sony

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