Sections

Sony: PSN intrusion will cost £106 million

Monday, 23rd May 2011 12:07 GMT By Johnny Cullen

Sony has said the recent external intrusion of PlayStation Network will set the company back about ¥14 billion (£106 million/$171 million).

The news comes from a revision of the company’s results for its fiscal year ending March 31, 2011. Full results are due later this week.

“Based on information currently available to Sony, our currently known costs associated with the unauthorized network access are estimated to be approximately 14 billion yen in the fiscal year ending March 31, 2012,” it said.

The company as a whole expects a massive net loss of ¥260 billion (£1.9 billion/$3.1 billion).

The intrusion of PSN and Qriocity took place after the financial year, with the downtime beginning on April 19, but the massive earthquake and tsunami in Japan from March will have played some part in the loss, according to Sony, with ¥17 billion (£128 million/$207 million) taken from operating profits for the financial year.

PSN returned online earlier this month, including online play and PlayStation Home. PlayStation Store, however, has remained down, but a return is rumoured for tomorrow.

Latest

17 Comments

  1. Blerk

    Predicting a $3.2bn loss! Fucking OUCH!

    #1 3 years ago
  2. rrw

    ^that because they paying tax 3 years in advance. they actually predicting a profit.

    but because the profit is small. they decide to improve next year profit by pre paying tax

    #2 3 years ago
  3. 2plus2equals5

    yen, $ and £… Where is my € ? :(

    #3 3 years ago
  4. Erthazus

    Everyone is making profit, only sony is losing money. Brilliant!

    #4 3 years ago
  5. Dralen

    When those hackers are found, man oh man are they going to be in trouble.

    #5 3 years ago
  6. Blerk

    @2, it’s not just the tax, they lost a small fortune through the earthquake and tsunami. They’d have posted a huge loss even without the tax thing.

    #6 3 years ago
  7. Christopher Jack

    @4, How in any way is that brilliant?
    Negative profits= less jobs=
    The only possible way that this is a good thing is if you were a pathetic, low life fanboy.

    #7 3 years ago
  8. jnms

    @7 – I think you need to level up your sarcasm detection skill.

    #8 3 years ago
  9. Erthazus

    @7, Someone didn’t get it. Woop di doop.

    #9 3 years ago
  10. PapaJustify

    The PSN loss is quite small in comparison to what the earthquake did. Yet the loss is quite significant when you would compare it to normal standards. No good times for Sony.

    At least everything is sorted out now and things can go back to normal.

    #10 3 years ago
  11. Christopher Jack

    @9, Kind of hard not to take you serious because of how much anti-Sony propaganda you post, granted you haven’t been as bad since the Killzone hype died down.

    #11 3 years ago
  12. rrw

    @6 they technically making profit (around 100 billion yen). but sony decide to pay 360 billion yen of 3-7 year worth of tax

    #12 3 years ago
  13. ManuOtaku

    “Sony has said the recent external intrusion of PlayStation Network will set the company back about ¥14 billion (£106 million/$171 million)”.

    Seeing the amount of money involve in this makes me believe the PS3 will be the last free online console from sony, hope iam wrong, but on an business level is understandable if they do.

    #13 3 years ago
  14. Espers

    more than enough, for obama’s presidential campain

    #14 3 years ago
  15. MegaGeek1

    $207 million was the cost of this fuck up. Would anyone care to find what the original costs were projected to be and reported by this website? Im pretty sure it was some ridiculous number in the billions.

    Also,

    “The company as a whole expects a massive net loss of ¥260 billion (£1.9 billion/$3.1 billion).”

    What story did that number come from? Tricky journalism, I assume that cost is mostly associated with the tsunami?

    #15 3 years ago
  16. Toastrules

    god damnit sony >.<

    #16 3 years ago
  17. NightCrawler1970

    Yup that what happens if ya fuck-ed up… all they care is the $$$$$$$$$ making money, and provoking Hackers… now they being hacked, offline for 1,5 month, lost allot of $$$$$ because no-body can’t download DLC or buying games that came on the market in April/May, like Socom 4, Mortal Combat, any other games…

    I bet investing money to make a real server will be allot cheaper than the damage Sony makes, but heh, don’t listen to us, yall sony employees have at least a college degree, some of them even University degree to run that company…

    #17 3 years ago

Comments are now closed on this article.