Yes, at the end of the first year, and only the disc version as you already pointed out.Nope. Sony announced that the non-disc version of the PS5 was already turning a profit during the first year of release.

Sony’s $499 PS5 is no longer selling at a loss
The PS5 won’t be costly like the PS3.

And in total, are they on profit terms with their consoles now?
The whole thing is like saying "only few devices are affected" (guess which company loves to use that phrase) but it legally amounting to everything below 49.9%.