Tue, May 24, 2011 | 08:13 BST
Sony: PSN intrusion will cost £106 million
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.
17 
Posted in: PS3, PSN, Sony
Tags: sony financials
17 comments
#1
Blerk
23/05/11, 12:09 pm
Predicting a $3.2bn loss! Fucking OUCH!
#2
rrw
23/05/11, 12:14 pm
^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
#3
2plus2equals5
23/05/11, 12:16 pm
yen, $ and £… Where is my € ?
#4
Erthazus
23/05/11, 12:23 pm
Everyone is making profit, only sony is losing money. Brilliant!
#5
Dralen
23/05/11, 12:23 pm
When those hackers are found, man oh man are they going to be in trouble.
#6
Blerk
23/05/11, 12:27 pm
@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.
#7
Christopher Jack
23/05/11, 12:29 pm
@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.
#8
jnms
23/05/11, 12:36 pm
@7 – I think you need to level up your sarcasm detection skill.
#9
Erthazus
23/05/11, 12:48 pm
@7, Someone didn’t get it. Woop di doop.
#10
PapaJustify
23/05/11, 12:56 pm
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.
#11
Christopher Jack
23/05/11, 1:36 pm
@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.
#12
rrw
23/05/11, 2:28 pm
@6 they technically making profit (around 100 billion yen). but sony decide to pay 360 billion yen of 3-7 year worth of tax
#13
ManuOtaku
23/05/11, 4:23 pm
“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.
#14
Espers
23/05/11, 8:34 pm
more than enough, for obama’s presidential campain
#15
MegaGeek1
23/05/11, 10:36 pm
$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?
#16
Toastrules
23/05/11, 10:46 pm
god damnit sony >.<
#17
NightCrawler1970
24/05/11, 2:46 am
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…