Sony's PlayStation 5 console, priced at $499, is now selling at a loss. Bloomberg reports that Sony's chief financial officer HirokiTotoki announced the news after it had sold 10,000,000 PS5 consoles.The PS5 with a disk drive is no longer in demand, but the $399 PS5 digital edition is less expensive than it was made. Sony's losses are reportedly offset by sales of accessories and other hardware like the PS4. In the last quarter, Sony sold 500,000 PS4 consoles, bringing its lifetime sales to an incredible 116.4 million.Sony took years to stop losing money on PS3s, but it stopped selling PS4 at a loss six months after its 2013 debut. Although the PS5 took a little longer to complete, it is clearly not replicating the expensive exercise of the PS3.Microsoft disclosed earlier this year that its Xbox consoles are sold at a loss and does not turn a profit from pure hardware sales. Microsoft hasn't reported hardware sales since the Xbox One's inception, but an Xbox executive stated during the Epic V. Apple trial that Microsoft makes a profit through online services subscriptions and game sales.Sony also reported (PDF), its largest Q1 revenue for PlayStation today and its second highest revenue for PlayStation in a non-holiday period. In Q1 2021, there were 104 million active PlayStation Network users, who spent an average $37.09 per month on digital software, add-ons and services.
