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FEATURED VOXPOP nick_olsen
Welcome home, Mario; we’ve missed you!
By nick_olsen
Posted on 05/13/13
[ Editor's Note: As Nick Olsen is a writer for Theory of Gaming, this won't be counted in the monthly Vox Pop prize. However, it is very much a worthy read. ] By Nick Olsen Co-founder, Theory of Gaming In 1985 Nintendo started a revolution when it...

GAMING NEWS

PSN Hack Cost Sony $170M (But That's Not All)

Posted on Monday, May 23 @ 12:29:03 Eastern by


Sony Corporation projects that the entire PSN fiasco will cost them approximately $171.2m by the end of the 2012 fiscal year. This includes both the PSN downtime and the hacks on Sony Online Entertainment's website according to their report to investors:

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.

Sony predicted a profit of ¥70 billion in February, but with the Japanese earthquake and tsunami along with the PSN hack, they now see a net loss of ¥260 billion for the entire 2011 financial year. Wearing a coat of optimism, though, Sony expects to be profitable in the 2012 year.

[Source]
Tags:   PSN, sony


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Comments
  • SweetHat
    SweetHat

    Joined: May 2011
    Posted: May 23rd, 2011 at 12:53 pm
    yeah they kinda got Sucker Punched wait... no. Donkey punched...TWICE.
  • Ananymous
    Ananymous

    Joined: Apr 2011
    Posted: May 23rd, 2011 at 9:52 pm
    This is starting to get a little ridiculous...

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