I don't know how this myth keep perpetuating but ps4 pro was profitable from day one and ps4 6 months in. Hardware has gotten a lot cheaper.

> The European Commission has fined Qualcomm €242 million for abusing its market dominance in 3G baseband chipsets. Qualcomm sold below cost, with the aim of forcing its competitor Icera out of the market. This is illegal under EU antitrust rules.

https://ec.europa.eu/commission/presscorner/detail/en/ip_19_...