TOKYO: Sony Corporation is betting on initial Playstation 4 sales to be 40 per cent higher than its last home game console which cost more to build and buy, raising the prospect of quicker return to help revive its consumer electronics business.
The console goes on sale at almost the same time as Microsoft Corp’s Xbox One, and is the new flagship product for a gaming division that, along with cameras and mobile devices, is at the core of a plan to reinvigorate a business long weighed down by loss-incurring televisions.
Sony is targeting PS4 sales of 5 million machines between its Nov.15 United States launch and the end of the company’s financial year on March 31, President and Group CEO of Sony Computer Entertainment Inc Andrew House said in a presentation at the Tokyo Game Show on Thursday.
That compares with 3.6 million PS3 units sold over a similar time frame seven years earlier.
Making the PS4 target appear even more ambitious is that a Japan release date of Feb.22 gives sales there just over a month to contribute.
Using existing rather than custom-made components for the PS4 “has enabled us to reduce the scale of investment significantly, massively so in comparison to the PS3,” House told Reuters in an interview after the presentation.
It took four years for the PS3 to become profitable. Sony expects the PS4 to be profitable “significantly sooner.”
The PS4 has “a more attractive price,” House said.
It will initially retail at $399 in the US compared with $599 for the PS3 and $499 for the Xbox One, which goes on sale in the US a week later.