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Yakuzaice said:

Remember that they will get a bigger cut from the downloaded copies than the retail ones.

 

Also because they are first party they not only get the developers cut, but the publishers but, and the liscencing fee.  So Sony would get at least $25 of the $40.  So 2.23 x 25 = 55.75 went into Sony's bank account because of this game not counting online sales.

So to the OP, this very well could have covered development costs of GT5.