16 Mind-Blowing Things You Didn't Know About PlayStation
5. Sony Lost Over $3 Billion On The PS3
Remember the sky-high price of the original PS3, the whopping $600/£425?
It was precisely down to the company going WAY over-budget in R&D, thereby having to force a ridiculous price point as a means of at least attempting to recoup their losses. In the end it just couldn't hold up as people refused to fork out the hefty sum, leaving Sony to lose out on around $3.5 billion dollars within the first couple of years on sale.
It would take years to turn things around and actually gain a profit, but by then financial analysts and consumers had already doomed the PS3 to third place behind both the Xbox 360 and the Wii.