It’s not just Nintendo announcing huge losses these days as Sony are reportedly expected to announce a loss of $1.2 billion. Sony originally projected a yearly loss of $769 million but has changed its forecast to a whopping 1.2 billion dollars.

“Management is feeling a serious sense of crisis about the seven years of losses,” continuing that he “promise[s] to lead the turnaround to get [Sony] out of the red.”

- Kaz Hirai, Executive Deputy President of Sony