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PS5 is being sold at a loss, but has generated record gaming revenue for Sony – GamesRadar

The PS5 has helped break the profit/loss cycle that’s hampered Sony’s gaming division since the first PlayStation

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The PS5 is being sold at a loss, Sony has revealed.
Earlier today, Sony published its fiscal year 2020 earnings announcement, revealing several new aspects of the PS5’s sales. One of the more interesting details is that Sony is actually selling the PS5 at a loss, as revealed by the “loss resulting from strategic price points for PS5 hardware that were set lower than the manufacturing costs” point on a slide midway through the presentation.
It’s an interesting reveal in a presentation filled with…

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