Sony forecasts massive financial loss on PS3 launch

Vikingod · Apr 29, 2006, 04:45 AM

Read More / Source: GamesIndustry
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Sony Corporation is expecting substantial first year losses from the launch of its PlayStation 3 console in November, its Q4 financial statement revealing a gloomy forecast for the currently profitable games division.

For the fourth quarter ended March 31st, Sony posted a loss of YEN 66.5 billion (EURO 463 million), 10 million higher than the loss during the same period a year prior. The company attributed the larger loss to changes in taxes paid compared with a year ago, and restructuring expenses of YEN 75.3 billion (EURO 524 million) which were higher than those of the previous year.

Apr 29, 2006, 04:45 AM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Sony forecasts massive financial loss on PS3 launch Read More / Source: GamesIndustry ____________ Sony Corporation is expecting substantial first year losses from the launch of its PlayStation 3 console in November, its Q4 financial statement revealing a gloomy forecast for the currently profitable games division. For the fourth quarter ended March 31st, Sony posted a loss of YEN 66.5 billion (EURO 463 million), 10 million higher than the loss during the same period a year prior. The company attributed the larger loss to changes in taxes paid compared with a year ago, and restructuring expenses of YEN 75.3 billion (EURO 524 million) which were higher than those of the previous year.