Yoshida: PlayStation 3 is breaking even
Over three years since launch, "we aren't bleeding like we used to" says SCE boss
Sony's worldwide studio boss Shuhei Yoshida has said that the PlayStation 3 is no longer being sold at a loss, over three years after the hardware was first released.
Back in 2006, analyst firm iSuppli suggested that Sony was losing over $300 on the 20GB PlayStation 3 unit, and over $240 on the high-end 60GB model.
At the end of last the same company still found the PS3 to be selling at a loss, although it did suggest it was on the brink of profitability.
"This year is the first time that we are able to cover the cost of the PlayStation 3," said Yoshida in an interview with IGN. "We aren't making huge money from hardware, but we aren't bleeding like we used to."
The exec also reiterated that Sony would not be cutting the cost of the home console any time this year, and is still working hard to meet demand at retail.
"When we bring the cost of hardware down, we are looking at opportunities to adjust prices if we believe that will increase demand At the moment, we are trying to catch up our production."