According to a recent financial statement, the PlayStation Network security breach will cost Sony a little more than $170-million. While that’s certainly a large sum of money, I’m actually surprised it isn’t higher. Increasing security, investigating the cause of the “external intrusion”, compensating customers, and hiring new staff adds up. I would have guessed more. Hell, some analysts predicted that this whole affair would cost Sony more than $1-billion.
What do you think of the figure? Is it inline with what you were expecting? Or is it significantly higher or lower than your guess?
That's like $1 and some change per person effected lol.
I would've expected much more than that. Heck, they've got 70-million users in the US alone, and that's not even including the huge amounts of PSPs bought in Japan every week. This figure seems waaaay off.
I'm sure there's some creative accounting involved, but I'm still surprised the number is so low.
Creative accounting indeed…..I was expecting much higher.
Methinks Sony is fudging the real numbers in order to not scare investors away.
It's not a bad strategy if you happen to own Sony stocks.
-M
Well, it also reported massive costs for repairing earthquake/tsunami damage. The report changed the project from a big profit to a loss. The PSN costs are much smaller than the disaster costs. No matter what, the stock was going to take a hit.
Lower than I thought.