Well, not exactly. The last figure Airbus admitted to was 470 for breakeven, and the total has gone up since though they won't admit what it now is. The late delivery payments, extra money spent fixing the wiring issue, and the dollar dropping vs the euro has really affected the bottom-line for the A380. Another bad omen, the last 3 years has been the biggest boom the commercial aircraft market has EVER seen, and yet VLAs sales like the 747 and A380 barely even registered. The market is moving to smaller aircraft.
There’s no question the market needs much more mid size aircraft.
That doesn’t mean that the market doesn’t need heavy aircraft either - it’d be ok if the market needs just 1000 of these over the next 20 years - I don’t think boeing will come up with something similar in the next 10.