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Sony estimates $3.2b loss this year, $171 million from PSN breach

Posted in Sony by Conner Flynn on May 23rd, 2011

This is not a great time to be Sony. It was affected both by the massive earthquake in March and the PSN outage from April into May. Sony is set to announce its full financial report for the fiscal year this Thursday and it isn’t looking great.

Previously Sony predicted a ¥70 billion ($855 million) profit, but now thinks a ¥260 billion ($3.14 billion) loss is more likely. The earthquake was directly blamed for a loss of ¥22 billion, but that figure might even grow as this estimate is only through the end of March. Sony also has an early guess of a ¥14 billion (about $172 million) total cost for the PSN breach. But again that figure may increase.