Sony losses deepen may affect PS4

Sony has recently launched its latest hardware the PS Vita in Japan that has got off to a slow start, but now seems to have turned the corner a little. The device is set to launch in other regions in a few weeks and Sony will be hoping for some good sales, as the company’s losses deepen and it makes you wonder if it may affect the PS4 release.

Sony has said it now expects to lose almost $3 billion in its current financial year leading up to next month. This is more than double its target set only three months ago, and its sale of the share of the LCD partnership with Samsung. The flooding in Thailand has also had a part in the losses according to PC World.

Some of its product lines such as the Bravia, Vaio, and Walkman ranges have seen sales slide during the busy October to December period. Meanwhile a report over at VG247 is saying that the PS3 managed extra 200,000 sales compared to the previous year, a total of 6.5 million. Ahead of the PS Vita the PSP saw a drop in sales along with the PS2.

With these reported losses it makes you wonder how much cash Sony will want to invest in the development of the next PlayStation. The company would have obviously already begun working on the device and committed money to it. But Sony has reportedly lost a lot at first with the PS3 that took a while to gain momentum.

Kazuo Hirai will soon be taking the reins and with his background in gaming may mean some exciting times ahead for fans of the PlayStation platform. The debate surrounding the release of the PS4 continues with recent rumors suggesting it could be quite a while yet before it enters the market.

Do you think these big losses will have any bearing on the PS4?

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Written by Gary Johnson

Gary has a background in engineering and passion for motorcycles, gadgets, and home cinema. In his early years, his obsession for Hi-Fi technology would see him creating the perfect setup with a good ear for sound quality. While Gary is keen to write about most topics that PR covers, his love for phones finds him reporting a lot of news about applications for iPhone, Android, and other popular operating systems

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