During a recent interview with Reuters, Kaz Hirai - President and CEO of Sony Computer Entertainment - admitted that the PlayStation Network service is not yet a source of profit for his company, compared to around 36 billion yen ( or $ 430 million) in turnover for the current year. The reason for this of course lies in the fact that the service is free, while Microsoft competitor requires the payment of a monthly fee for Xbox Live (which, in fact, generates substantial revenue for the Redmond).Hirai, however, expected to see sales increased almost tenfold to PSN within the next three years.
- "Sony: PlayStation Network not profitable" and related posts (25/12/2010)
- Sony: PSN Losing Money Right Now, Next Year Should Be Better (24/12/2010)
- Sony's Hirai: PlayStation Network not yet profitable (24/12/2010)
- Hirai: PSN Losing Money, Should Turn a Profit Next Year (24/12/2010)
- Castle Crashers featured in Japan's PSN 'Western Game Buyer Selection' (24/11/2010)
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