Sony is expecting roughly a $487 million loss for this year too

That’s because of the massive corporate overhaul still taking place.

Posted By | On 15th, May. 2014 Under News | Follow This Author @Pramath1605


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Sony posted its financial results yesterday, and in spite of how great the PS4 is doing, setting records all over the place, and in spite of the slow comeback that the Vita has begun to show as well, it seems like the company as a whole is in pretty bad shape, with them having posted a loss of $1.25 billion last year. Now, it appears like they expect a similar loss for the coming year too. To be specific, they expect to lose $487 million next year- less than half what they lost this year, but still an enormously hefty number.

Sony’s stated reasons for this loss are simple (and they make sense)- all the restructuring and corporate changes that new Sony head Kaz Hirai has implemented to return the company to profitability will not be fully in place, and their effects won’t be felt fully afterwards, until this time next year. That should mean that by this time in 2016, Sony should have begun to post at the very least minor profits as a whole.

The good part about all of this? PlayStation itself is expected to be profitable in the coming year.

[Eurogamer]

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