TweakTown
Tech content trusted by users in North America and around the world
5,915 Reviews & Articles | 38,113 News Posts

Sony doesn't expect to lose money on the PlayStation 4 at launch, unlike what happened with PS3

Sony doesn't believe it will incur a large loss at PlayStation 4 launch

| Business, Financial & Legal News | Posted: May 9, 2013 9:31 pm

Sony has said that it doesn't expect to lose money when it launches the PlayStation 4. Unlike the PlayStation 3, the new next-generation console features mostly standard PC hardware, making it both cheaper and more readily available. Additionally, Sony didn't have to spend money developing the hardware as someone already did that for them.

 

TweakTown image news/3/0/30283_1_sony_doesn_t_expect_to_lose_money_on_the_playstation_4_unlike_what_happened_with_ps3.jpg

 

According to Sony CFO Masaru Kato, Sony expects to not incur a major loss at launch. On the conference call held earlier today when they announced a profit for the first time in five years, Kato said, "Unlike PS3, we are not planning a major loss to be incurred with the launch of PS4."

 

At the time we developed PS3, we made a lot of in-house investments to develop the chip, the Cell chip. Development of the chip saw the silicon processing and all the facilities invested by us ourselves. But this time, yes we have a team working on chip development, but we already have existing technology to incorporate and also product investment and all the facilities will now be invested by our partners, other foundries, so we don't have to make all the investment in-house.

 

We are still waiting on actual pictures of the console, but from what Ubisoft developers are saying, the console is quite the capable machine. We have yet to see what Microsoft has in store for the next Xbox, but we believe from rumors that it will feature a similar PC-like hardware scheme.

NEWS SOURCE
Polygon.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases