Sony PS division has lost $4.7 billion since launching PS3

Sony’s Q2 financials today have taken total PlayStation division losses to $4.7 billion since PS3 launched in November 2006.

The facts:

• FY 2007: -$1,970,923,859
• FY 2008: -$1,079,994,103
• FY 2009: -$577,207,240
• FY 10Q1: -$413,541,667
• FY 10Q2: -$653,333,333

Total loss: $4,695,000,202

All figures come from Sony’s investor relations page.

Note that both quarters so far this financial year include losses from Sony’s Vaio business. Figures for the full fiscal years are losses purely from gaming. Prior to Q1 this year, the division was called “Game”: it’s now known as the “Networked Products & Services” division.

It’s also worth noting the following. These are the losses Microsoft’s Xbox division suffered during the first Xbox’s release. As you can see, they’re not as heavy as those currently being incurred by Sony:

• FY 2002: -$1,135,000,000
• FY 2003: -$1,191,000,000
• FY 2004: -$1,337,000,000
• FY 2005: -$539,000,000

Total loss: $4,202,000,000

Thanks, Psychotext. You can read a full breakdown of where the platform holders stand financially in this NeoGAF post.

http://www.vg247.com/2009/10/30/sony-ps-division-has-lost-4-7-billion-since-launching-ps3/

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THis is bad.....BUT notice how the losses suddenly "go up" when the PS division is MERGED with the Walkman./Vaio one.....its not too difficult to believe that the VAIO/Walkman also result in a lot of the losses that make up the total in Q1 & Q2 (when were they merged again?)

Sony as a company have problems and this is simply down to sub par management.

and overshipping products

I agree with this.

Sony are incurring massive restructring costs at the moment too. So it's hard to say what the real cause of the loss is.

Will we get a clear view on the PS-side alone some day? Because with this Vaio thing included...

The PS3 alone might be at a 6 million loss on its own. The profitable PS2 and PSP surely made a profit bigger than 1.3 billion in the past 3.5 years!

@dirtyp2002

lossed were like $200 per console for ages

I have to laugh at stuff like this. You havent a clue AT ALL. The year before the financial/currency meltdowns Sony posted record profits. The Yen surging put most major Japanese companies in trouble. It's not rocket science kid.

Maybe but don't you think the recession has a little to do with it?

As a major electronics producer that depend on strong NA and EU consumer markets this recession was gonna hurt regardless of who was managing the company.

If you are speaking from the PS3 side of things then ...yeah.. that's a different matter.