Sony has revealed it has lost much more money than the company had expected this financial year, despite the strong sales of the PS4.
The company now expects to lose $200 million more than it had initially forecast, having lost $1.27 billion in total this year, GamesIndustry has reported.
Despite the PS4 having sold better than both the Xbox One and Wii U, with the company revealing in April that it had sold 7 million units to consumers, the company is still in the danger zone due to the expenses incurred from dropping out of the PC market after selling its Vaio laptop division.
A statement from Sony reads: “Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s spring PC lineup.
“In addition, certain restructuring charges are expected to be recorded ahead of schedule. As a result of these factors, an additional total amount of approximately ¥30 billion in expenses is anticipated to be recorded in the fiscal year ended March 31, 2014.”
Sony’s full fiscal summary for this year will be revealed on May 14th.
