[ISN] PSN Hack Dings Sony’s Bottom Line

From: InfoSec News <alerts_at_private>
Date: Fri, 27 May 2011 02:02:29 -0500 (CDT)

By Todd Wasserman
May 26, 2011

Sony expects the hacker attack on its PlayStation network to cost the 
company about $170 million.

The company says it expects a “significant” decline in operating profits 
for its networked products and services unit, which includes gaming, 
over the coming fiscal year (April 1, 2011 to April 1, 2012).

The report comes as the company told analysts that it anticipates 
posting a $975 million profit for fiscal 2012. That would be Sony’s 
first annual net profit in four years. For fiscal 2011, Sony posted a 
net loss of $3.2 billion, its biggest drop since 1995.

Sony’s outlook, which some analysts declared too optimistic, calls for 
15 million units of PlayStation 3 to be sold over the coming fiscal year 
-- the same number as in fiscal 2011 -- and 27 million TV sets, compared 
to 22.4 million in fiscal 2011.


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Received on Fri May 27 2011 - 00:02:29 PDT

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