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

[Kasz216]

Deyon said:

ethomaz said:

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 million loss in Game Division due Xbone R&D too.

@bold: What does that mean?

The Blu-ray revenues were retroactivly lowered, so they had to pay some of the money they received in royalties back to the BRA. 

Which is just... silly.  Since last year they got 14.3 billion yen do to a royalty change... and this year they had to pay back 14.8 billion yen due to it being changed again.  Talk about ping pong.  (Well pay back is the wrong word, since I don't think it was paid yet... still.)