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PS3 cost Sony billions

Posted on Monday, 23 June 2008 by Speed, source: Kotaku
Over $3 billion, that's what it cost Sony to sell the PS3 below production cost.

Sony announced today its fiscal 2008 annual results and those show that in 2007 Sony lost $2.16 billion on the PS3 and in 2008 (up till now) $1.16 billion. And it gets even worse: Sony is stating those losses may not be completely recovered.

"the large-scale investment required during the development and introductory period of a new gaming platform may not be fully recovered."
Doesn't sound all too great, now does it? Guess one could call that a "risk" for the company.
In other news:

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