Yes and no.  At this point it's a sunk cost.  It doesn't mean there will be no PS4 if that's what you are thinking.  It does probably mean that much less will be spent on R&D.

Getting video game info from GameStop employee's is like getting Workout advice from the people at GNC....Don't do it.

Sony is making a profit with the PS3.

Piece of advice....

Don't trust a word that a Gamestop employee gives you. It's either fanboy nonsense or it's ancient information.

trust me gamestop staff will do whatever they can to make you buy a 360 instead of a ps3

I'd agree that some of it is a sunk profit, but overall, there is still probably hope that a break even point could be made on PS3 when referring not only to the console, but any profit made on games, accessories (such as the Move controller and even normal controllers)...I mean, we're talking at least probably 2 more years of this gen staying current where PS3 is making a profit and probably 4-5 more years after that where it will still have decent sales and be making even more profit.

You have to think about the future though too...I'm guessing rather than a complete redesign as the PS3 was, the PS4 will probably have quite a bit of its overall structure similar to the PS3, only more powerful.

Losing money? No.

Going into negative profit? Don't think so, I think they said they were making profit in June.

You can't lose what you don't have. You can go into negative profit though. English is a fun language isn't it?

thanks for the warning lol

so nobody know what that music thing is actually supposed to be? I hope it's a music store.

Honestly. Gamestop employees act really cool too, misinformed me on several occasions and just didn't have good manners.

I think just when 2009 ended PS3 started turning in a profit.