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Game division performed very well last Q, and PS4 launch is the main reason for that. How is that so hard to understand? And that does mean "Sony making tons of monies on PS4". It just doesn't mean Sony is making a large profit from PS4 hardware sales alone.

And I agree that PS+ subs are probably accounted on the balance sheet in a per quarter basis. If PSN suddenly shut down permanently then Sony would owe subscribers for the months of service that were paid for but not unfulfilled. Of course all those subscribers would be unsecured creditors, so if PSN was shut down because Sony went bankrupt then those subscribers wouldn't see a bean in refunds.



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