Sony to acknowledge 4th year of losses with financial report tomorrow

The PS4 is cookin’ at retail, but the company on the whole is looking at it’s fourth successive year of financial losses.

Nobody would argue that the PlayStation 4 has been a success. Aside from just being a great little system, the console benefitted from some early stumbles from Microsoft and has really taken advantage, returning Sony to console glory here in 2014. Sales in the neighborhood of 7 million consoles out the door though, are a small dent in what’s a companywide defect for Sony.

According to the Wall Street Journal, the challenges are so steep that executives like Kaz Harai (who every PlayStation gamer should know) have had to not only skip their bonuses from the conglomerate, but also take as much as a 50% pay cut in order to try and make things even out. And, as MCV points out, even if the PS4 hits the 20 million unit goal for 2014 (which would be a terrific turnaround) it still would be performing at a 45% loss next to what the brand was doing at it’s very top of the charts performance back in 2007.

In a time when Nintendo’s financial hardships have been making front page news on many gaming blogs and sites, Sony’s problems have been largely ignored. I would say that’s since they have little to do with the gaming end of Sony’s spectrum, but as you can see, even that’s not without issue. If the trend continues, you can probably expect a lot more critical eyes start to focus on the mega-company.

Source: MCV