I'd say this is an improvement from the the $10-20 million operating profits they made per quarter in the last generation.
SONY should thank Microsoft. The majority of people paying for multiplayer on PSN are former Xbox fans. There are now more people playing PS4 multiplayer than 360 or Xbone multiplayer. Things don't look too hot for Microsoft since they lost a ton of people who paid for XBL Gold. With the disappointing sales from the Xbone and far less people paying for XBL, the Xbone could potentially be Microsoft's last console.
I really don't see how they're going to turn it around.