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From what I understand, it's not that the PS4 isn't profitable, it's been a big success. The problem lies in the rest of the company. Things are just so bad in other division, that the PS4's success doesn't do much to save Sony as a whole company. What's bound to happen, in my opinion, is that the less profitable divisions will be shrunk, don't think they want to cut so much of the company away. Sony is probably gonna put more effort into the PS4 and try to make it as profitable as possible.