Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Gaming

 

Sony's PlayStation 4 is already profitable

It is on course to beat the PS2's success with increase in sales by 53%

May 23 2014, 12:21pm CDT | by

1 Updates
Sony's PlayStation 4 is already profitable
 
 

YouTube Videos Comments

Full Story

Sony's PlayStation 4 is already profitable

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

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

Comments

blog comments powered by Disqus

Latest stories

Gisele Bundchen seals Deal with Under Armour
Gisele Bundchen seals Deal with Under Armour
Tom Brady's wife, Gisele Bundchen, has sealed the deal with Under Armour. She is to appear in its new women’s campaign.
 
 
Philadelphia Eagles Looking to Excel in Chip Kelly's 2nd Season
Philadelphia Eagles Looking to Excel in Chip Kelly's 2nd Season
The Philadelphia Eagles are looking to exceed everyone's expectations in the 2014 NFL season -- Chip Kelly's second as their head coach.
 
 
Apple says celebrity accounts were compromised
Apple says celebrity accounts were compromised
The attack was described by Apple as "all too common on the Internet." However, the company is denying earlier reports that its iCloud servers and Find my iPhone service were undermined.
 
 
Marshawn Lynch Gives Brief Interview Prior to Week 1 of NFL Season
Marshawn Lynch Gives Brief Interview Prior to Week 1 of NFL Season
Seattle Seahawks running back Marshawn "Beast Mode" Lynch spoke with the media on Sept. 2 for a short while, choosing not to talk too much about the upcoming 2014 NFL season.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.