PSN Hack Cost Sony $170M (But That's Not All)
Posted on Monday, May 23 @ 12:29:03 Eastern by Nicholas Tan
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:
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.
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