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rodea_sky_soldier said:
It was $ 399 at launch (the 500gb version).
Today, they're selling the 1TB version with games (bundles) for $250, and $199 on black friday.

They're making any money? Or the first pricetag (399) was hyper overpriced?

of course they are making money. don't forget that that first price you mentioned was 4 years ago. 

it probably doesn't cost won't more than $160usd now to make each PS4. Also, with how HDDs work, it may actually cost them more now putting in a 500GB drive than going with a 1TB.