This is good news for Sony. Sony has already recouped its hardware investment in the Sony PlayStation 4. Now Sony is looking at beating the profits it achieved with the PlayStation 2. The profit announcement was made by Sony president Kaz Hirai at a corporate strategy meeting.
As a comparison, it took the PlayStation 3 around three years to hit profitability. The PS3 ended up canceling out gains that the PlayStation 2 hit. The PlayStation 2 is considered Sony’s “biggest gaming success.”
What really helps Sony is that around half of the PlayStation 4’s 7 million owners subscribed to the PlayStation Plus service. The upcoming launch of the PlayStation Now and new cloud-based TV streaming service could also drive profitability going forward.