Since Sony lost over $3.5 billion on the PS3 in its first couple of years there have been a couple of investors who are a little worried that phase may replay itself with the PS4. However, Sony Computer Entertainment CEO Andrew House addressed the situation while on an investment call.
“We will not generate anything like the losses we did for the PS3,” said House.
Masaru Kato, Sony CFO, also weighed in on the concern and specifically touched on the fact that since the PS4 is built upon the architecture of a PC, the amount invested in it is much less than the PS3. Since the currency rate will be changing in March 2014 by about 10% Sony’s game division is expecting a loss. The rate would go from 96.6 yen to $1 today and then on to 106 yen to $1 in March. Since parts for the PS4 is paid in a dollar amount this will sufficiently cause a loss.
Hideki Yasuda, analyst at Ace Research Institute in Tokyo said that it will be an uphill climb for Sony if the amount of the yen gets weaker. He also noted that selling few PS4’s this year than originally projected would mess things up for them withing the next five years.
{Source: vgchartz}
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