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GribbleGrunger said:

I could have sworn Sony have said in the past that the hardware was making profit out of the gate. I wonder if he's referring to services and software?

variable cost was profitable but...

..hardware R&D.  launch marketing.  ps4 OS and API development.  these fixed costs need to be paid for as well and are probably in the hundreds of millions of dollars.  i'd say this statment implies they are payed off now and that the ps4 as a whole is now profitable.