Sony’s newest console is already turning profits, having already recouped Sony’s investment in the hardware, it now looks set to beat profits achieved by the internationally legendary PS2.
Speaking at a corporate strategy meeting, Sony president Kaz Hirai said the PS4 was “already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses.”
There’s no doubt over which console Hirai is referring to here: the PS3 took three years to shed its loss-leading status, after cancelling out gains made from Sony’s “biggest gaming success,” the PlayStation 2.
The Sony president’s comments don’t come as much of a surprise. In fact, they back up the company’s recent full-year earnings report that showed gaming-related sales had shot up 53 percent on the back of the PS4. The bottom line was also helped by Sony’s gaming services, with “approximately half” of the 7 million PlayStation 4 owners worldwide having subscribed to PlayStation Plus. While none of this is likely to fix the company’s deeper financial issues any time soon — still forecasting an overall loss in 2014 — Hirai believes the upcoming launches of the PlayStation Now (now in beta) and Sony’s new cloud-based TV-streaming services (also coming later this year) “have the potential to combine and develop into a platform capable of generating even greater profit.”