The PlayStation 4 is on Track to Become More Profitable Than the PS2

By Gerald Lynch on at

Now that doesn't necessarily equate to the PlayStation 4 beating the PlayStation 2's record-breaking >155 million sales tally -- the margins for the two consoles will likely vary significantly. But for struggling Sony's bottom-line, the continued success of the PS4 could be a lifesaver.

According to a Sony strategy meeting reported on by the Japanese media today, the PS4 has already recouped Sony's investment in the console, with Sony President Kaz Hirai announcing that it was "already contributing profit on a hardware unit basis, establishing a very different business framework from that of previous platform businesses," and that it's "likely to generate more revenue than PS2". Considering previous PlayStation consoles have taken as long as two years to turn a profit, that's a massive turnaround for the division. 7 million PlayStation 4 consoles have been sold since April.

Alongside the financial news, Hirai also stated that Sony will launch a new "cloud-based television service" before the end of 2014. [NeoGaf via Gamespot]