Sony hopes PlayStation profits can help quell its overall losses

Newsbrief: Sony is hoping that boosted profits for its PlayStation division will help the company to ease its currently dire financial situation. The company is forecasting large losses for the current fiscal year, with negative figures much larger than originally forecast. Now SCE's Andrew House says that Sony plans to pull itself out of a nosedive through PlayStation profits. "I do feel we have a higher opportunity to build a higher ARPU (average revenue per user) [with the PS4] than with the PS3," House told Reuters, "and that should make a very strong profit contribution over the life-cycle." Currently, Sony's PlayStation business accounts for around 10-12 percent of Sony's total revenue. However, House warns that game profits may be straining in the next couple of years, as Sony plans to invest heavily in its network infrastructure.