Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 June 2008 09:38

Sony claims PS3 losses ebbing

Written by David Stellmack

Image

A mere loss of $1.15 billion


Sony filed its annual 20-F regulatory filing report, in which it claims it had losses of $2.15 billion for the the fiscal year 2007 after the launch of the PS3. The PS3 had been on the market for just about five months during its FY07 which ended on March 31, 2007. Sony claimed a big improvement over the fiscal year 2008, which ended March 31st, in which it said it only had losses of $1.15 billion in its gaming segment.

Sony sold its PS3 console at a price that was less than the cost of manufacturing it, in order to establish a large user hardware base. Losses over the PS3 rose to more than $3.3 billion during the fiscal years 2007 and 2008, which Sony attributed to establishing the hardware, the product and selling the consoles at a loss. The royalties on software games normally offset hardware expenses, but has not countered these huge losses yet.

Sony claims that it sold almost twice as many PS3 consoles in 2008 as it did in 2007. Sony also claimed that it had significantly cut hardware costs in the PS3 to save about $1 billion.

Last modified on Tuesday, 24 June 2008 10:22

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments