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PS4 Won’t Generate ‘Anything Like’ the Losses PS3 Did, Sony Says

Posted on August 9, 2013 AT 03:10pm

Talking to Bloomberg, Sony CEO Andrew House and CFO Masaru Kato stated that PS4 sales won’t generate the level of losses the PS3 did.

“We will not generate anything like the losses we did for the PlayStation 3,” House told Bloomberg.

“The amount of investment is much, much smaller,” Kato added.

The PlayStation 3′s costs caused the company over $3.5 billion in losses between 2007 and 2008. The console didn’t start becoming profitable until 2011.

Sony cites the PlayStation 4′s PC-like design as one reason they won’t face a similar loss to the one they had with PS3. They also point to this design choice as one that will make development on their next home console easier. And unlike the PS3, which launched at $599, the PS4 is significantly more affordable at its $400 price point.

Source: Bloomberg

Chris Holzworth, News Editor
Chris Holzworth has wanted to write about games all his life. He first cut his teeth writing for enthusiast sites such as RPGFan, and after writing for just about every other enthusiast website he could came across, wound up as EGM's east coast news correspondent (read: editorial intern) before relocating to LA to serve as news editor. You can follow his rants about storytelling on Twitter @manadrive.[Meet the rest of the crew]

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