Forums - Sony Discussion - Sony's gaming division looses over $1.6mil a day in Q1!

So, looking at the latest financials for Q1 shows that Sony's gaming division lost over $1.6mil a day each day for the full quarter.....that is truly staggering!

What would you could do with $1.6 million!



Stop hating and start playing.

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That might be because of the PS4, and they'll probably try to make a lot of that back with its launch.

Sony is doomed then?

Wait till the new consoles come out and stat pulling low weekly sales numbers. Then its gonna be DOOM all around. Silly people. :P

BuckStud said:

So, looking at the latest financials for Q1 shows that Sony's gaming division lost over $1.6mil a day each day for the full quarter.....that is truly staggering!

What would you could do with $1.6 million!

That's fine because there are PS4 R&D lol.

"Operating loss increased 11.2 billion yen year-on-year to 14.8 billion yen (149 million U.S. dollars). This significant increase in loss was primarily due to an increase in research and development expenses related to the upcoming introduction of the PS4, and a benefit recorded in the same quarter of the previous fiscal year due to the reversal of a Blu-ray Disc patent royalty accrual."

That loss is even good news because they are lower than PS3 one.

 

And I don't know if you looked before but MS posted $263 $110 million loss in Game Division due Xbone R&D too.

Edit - Fixed MS losses.



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Why are people ignoring PS4 R&D? I'm impressed they factored that in and still came out with profit, way better than PS3 costs.

NYANKS said:
Why are people ignoring PS4 R&D? I'm impressed they factored that in and still came out with profit, way better than PS3 costs.

Not just that the Xbox division had a $263 million this quarter.

I don't know how people expect profit when you are using money to make a new console without receive it back... the PS4/Xbone sales just starts in November.

PS. If at least the Vita helped to cover the PS4 R&D costs.



Hoping that some of that R&D went to the PSN Store for PS4. I hate the one they use for PS3 at the moment. The old one was leagues better.

I'm pretty sure that big loss was clarified on, and it has everything to do with the PS4 marketing and development. When the system actually comes out and starts making money, Sony will be turning a profit again.

0331 Happiness is a belt-fed weapon

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BuckStud said:

So, looking at the latest financials for Q1 shows that Sony's gaming division lost over $1.6mil a day each day for the full quarter.....that is truly staggering!

What would you could do with $1.6 million!


I don't understand what that last part has to do with... anything



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