Sony Estimates a Cost of $171 Million to Fix PSN

Sony released a revised fiscal year 2010 earnings report forewarning a whopping $3.2 billion loss for the year ending March 31, 2011. Because of the PlayStation Network attack in late April Sony estimates the cost of their fiscal year ending March 2012 to be approximately 14 billion yen which is roughly $171 million. The company expects to spend the current fiscal year on personal information theft protection programs, welcome back programs, network security, enhancements, customer support, and legal. As for the class action suits, Sony sees them at a preliminary stage at the moment and cannot include them in the outcome of the current fiscal year as of yet. Makes you wonder if the PSN will still be free due to such an expected loss.