Sony: PS4 Losses Will Be Much Smaller Than PS3's

By Darryl Kaye on August 11, 2013, 4:41PM EDT
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Sony has said that the launch of the PlayStation 4 will be much better for the company financially compared to the launch of the PlayStation 3.

At the time of the PS3, Sony reportedly lost billions. This was due to all of the research and development costs, but also the price of the components due to the state of the art technology needed for the Cell processor and the Blu-ray drive.

With the PS4, Andrew House (Sony Computer Entertainment CEO) said "We will not generate anything like the losses we did for the PlayStation 3." Masaru Kato, the CFO of Sony also added that tehe investment the company has made in the PS4 is "much, much smaller."

Despite this, Sony is still expecting losses from its gaming division this year. Part of this is because of exchange rates, because Sony had arranged to make arrangements in US currency, which has gained significant value over the yen in the past twelve months.

In other news, Sony has responded to news relating to DVR recording by saying that with the PS4, it won't require a PlayStation Plus subscription. This is the opposite of the Xbox One, which will require a Gold Membership account.

At present, there's no news on when the PlayStation 4 will release, but there have been rumours surrounding either a Thanksgiving release or early-December in the build-up to Christmas.

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