Sony expects to take an unspecified loss on PlayStation 4 hardware when the system launches later this year, but will quickly recoup those losses on the sale of games and PlayStation Plus subscriptions, senior VP Masayasu Ito said in a roundtable interview today.
PS4 hardware loss will be recouped with PS Plus and game sales, Sony says
Michael McWhertor is a journalist with more than 17 years of experience covering video games, technology, movies, TV, and entertainment.
Ito said the sale of peripherals will also help contribute to initial losses on PS4 hardware, a figure he said he couldn’t comment on.
“I cannot talk in detail about the [financial] contribution of each item,” Ito said through a translator, “but in terms of cost of development it’s very different from the PlayStation 3. We will be able to recover what we have invested earlier [than with PS3].”
Earlier this year, Sony’s chief financial officer Masaru Kato said the company was “not planning a major loss to be incurred with the launch of PS4,” as it did last generation.
The PS4 will retail for $399 when it launches in North America on Nov. 15. The console goes on sale in Europe on Nov. 29 for €399/£349. Sony said earlier this week that it expects to sell 5 million PS4 consoles by the end of March 2014.
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