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Sony is selling PlayStation 5 hardware at a loss

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The PlayStation 5 is off to a fast start for Sony Interactive Entertainment. The company reported its first quarterly financial results since launching PS5 in November. And, as expected, the company sold a lot of hardware and is making a lot of money. When it comes to gaming, Sony doesn’t have much holding back its profitability. Software sales are up and network services are generating more revenue. But one of the pain points Sony did mention is the price of its newest gaming console. The PlayStation 5 hardware is selling at a loss.

“[SIE experiences] loss resulting from [the] strategic price points for PS5 hardware that were set lower than manufacturing costs,” reads the investor