Sony’s $499 PS5 is no longer selling at a loss

Sony’s $499 PS5 is no longer selling at a loss


Photo by Vjeran Pavic / The Verge

Sony’s $499 PlayStation 5 console is no longer selling at a loss. Bloomberg reports that Sony chief financial officer Hiroki Totoki shared the news just a week after the company announced it had sold 10 million PS5 consoles.

While the PS5 with a disc drive is no longer selling for less than the cost to produce it, the less expensive and disc-less $399 PS5 Digital Edition is reportedly on track to have Sony’s related losses offset by other hardware sales like accessories and the PS4. Sony sold 500,000 PS4 consoles in the most recent quarter, bringing lifetime sales up to an impressive 116.4 million.

Image: Sony

The PS5 won’t be as costly as Sony’s PS3 launch.

It took Sony years to stop losing money on PS3 sales,…

Continue reading…

Source:

This post was originally created on this site & curated for Mamizi members

Tags: