PSN hack will cost Sony £106million

It’s not been a great year for Sony so far: they got absolutely hammered by vicious hacking scoundrels last month, and Japan – their home nation – was decimated by one of the worst natural disasters of the modern age.

Obviously it would be a tad gauche to look at the earthquake and Tsunami in terms of financial cost to a video games company, but this blog is called DigitalEdge, is it not? Anyway the hack has cost them a whopping £106million, while the earthquake is set to cost them £1.229billion up until the end of the the fiscal year in 2012. That’s a hell of a lot of dough, isn’t it?

‘Based on information currently available to Sony, our currently known costs associated with the unauthorized network access are estimated to be approximately 14 billion yen (£106million) in the fiscal year ending March 31, 2012,’ said Sony. ‘The impact on operating income of the Great East Japan Earthquake is estimated to be approximately 17 billion yen (£129 million) for the fiscal year ended March 31, 2011 and approximately 150 billion yen (£1.1 b) for the fiscal year ending March 31, 2012.’

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