Sony Predicts Huge Losses Thanks To PSN Breach, Quake
We’ve been rather hard on Sony every since the PlayStation Network went down in April. For nearly a month, they dithered, obfuscated and generally didn’t come as quick with the facts as they could have. Of course, we cared more for their failure to fully disclose the matter swiftly, and were perfectly happy that at least PSN returned, eventually.
That ‘eventually’ is a really big deal. PSN was down for over a month, and full services won’t be restored for a few more days. But now that the worst is effectively over, Sony has sat down with the accountant and assessed the damage, and it isn’t pretty. GamesIndustry has reported that the PSN network outage is going to cost them dearly:
“Based on information currently available to Sony, our current known costs associated with the unauthorised network access are estimated to be approximately 14 billion yen in the fiscal year ending March 31, 2012,” the company told investors today.
But it gets much worse. The PSN outage, in combination with the aftermath of March’s horrific Tōhoku quake and subsequent tsunami, might end up costing Sony a whopping $3.1 Billion. That sound you hear is the impact of a thousand Sony execs fainting. This kills any hope that Sony will turn a profit in 2011, but they insist they’ll be returning to profitability in 2012. No word on how this will affect any upcoming games, or the development of future consoles, but it’s probably safe to assume a few departments’ babies have been euthanized.