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Sony Computer Entertainment CEO Andrew House said the company "will not generate anything like the losses we did for the PlayStation 3" in regards to its forthcoming PS4 launch, Bloomberg reported. Sony lost more than $3.5 billion in 2007 and 2008 thanks to the PS3's initial cost; it launched in N...

August 9th 2013 at 5:30pm 0 Comments
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Sony's bad year is getting a smidge worse. The company, which had previously predicted a healthy profit for the past fiscal year, is now expecting a loss of $3.2 billion for the period of April 2010 through March 2011. The reverse in fortunes is mostly due to writing off a $4.4 billion tax credi...

May 23rd 2011 at 11:00am 0 Comments
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Is the PSP Phone real? Sony isn't directly commenting on it right now, but a recent earnings call reveals one of the strangest non-denials we've ever seen. "As for the new PSP product, as mentioned, I know that you are not asking me to tell you when we will be coming out with a new product, but the...

October 29th 2010 at 3:40pm 0 Comments