Sony Forecasts A Bright Future, And A Very Profitable PS4
The current financial reports for Sony aren't exactly glowing (they're expecting losses in excess of $1 billion), but better times are ahead.
This according to Sony CFO Kenichiro Yoshida, Corporate Executive Hiroki Totoki, and Senior General Manager Kazuhiko Takeda, who spoke today during the company's second financial briefing for overseas analysts and investors (via DualShockers).
Yoshida began by apologizing for those big losses, but emphasized that it was due to Sony's aggressive effort to restructure the company and prepare for future growth. The upcoming fiscal year will include more of this, but Yoshida says it'll be the last and the future is "bright." He says the PS4 enjoyed a strong launch and it should turn a profit in the 2014 fiscal year. On the flip side, the Vita isn't meeting expectations, which isn't too surprising.
What is surprising is that Yoshida believes the PS4 could eventually reach the level of profit attained by the PS2...whether or not that can actually happen remains to be seen. The PS2 was like the perfect storm, remember.
5/14/2014 11:41:46 AM Ben Dutka