Sony Adds $200M in Expected Losses, Preparing for $1.2B LossJon Ledford |
Adding over $200 million in expected losses has Sony bracing for a grand total of $1.27 billion in overall losses for the past fiscal year.
According to GamesIndustry, Sony has added $200 million to its losses for the fiscal year that ended on March 31. Sony projected a net loss of $1.07 billion this past February, but these additional losses put its projected net losses around $1.27 billion. Towards the end of the last fiscal year, Sony was anticipating on making a $489 million profit. The widespread success of the PlayStation 4 launch and its ongoing first place seating of the next-gen console sales race would leave most people thinking that Sony would be alright. So what caused such a massive dent in Sony's profits?
Sony believes this has happened from unforeseen expenditures and expenses that happened as the company pulled itself from the PC market this past February. Fans might remember Sony for providing its Vaio brand of desktops, laptops and PC hardware.