Sony PS division has lost $4.7 Billion since launching PS3

[thx1139]

Tridrakious said:

numonex said:
Sony are investing for the future. Short-term pain for long term gain. Blu-Ray is supposed to be here for a long time. Sony won the HD format war with Blu-Ray and the PS3 might finish second in the 7th generation console sales war.

I second this statement.

Blu-Ray will never be as successful nor last as long as DVD. So you need to wonder was it really worth it?  The momentum of ondemand is growing and will not be stopped.  My family for instance has stopped purchasing movies.  We stream with Netflix and rent DVDs from Netflix. We used to be people that bought 20-30 movies per year. Now 0.

Not to mention Blu-Ray would have won anyway even if the PS3 didnt use Blu-Ray.  So was the investment really worth it. Will it pan out.  I dont think so.