I'm assuming there are going to be people freaking out over this. Console fanboys and whatnot shouting down at everyone else about how this is proof that Sony's products are inferior. Can't wait.

I believe TV sales are down for most companies right now. It is one reason why places like Best Buy are currently struggling (in addition to people not buying physical media like cds and dvds as much anymore).

Damn, I'm no business expert, but those numbers do seem pretty bad. I'm sure that they could make a recovery though.

Vita needs more exclusives!

You have to remember that Sony sell thousands of products other than the Playstation. No need for alarm.

This isn't surprising in the slightest if you've been following what has been going on around the company. They've fallen behind the competition with many of their traditional front runner technologies. Here's hoping they have success this year and achieve their projected profits.

Meh this don't really mean anything.  It's just the nature of business and the economy.  You have good years and bad.

I hope in some possible way in some far off chance that this could possibly maybe lead to a price drop on the vita?

They should stop investing so much money into their T.Vs and laptops and whatnot and focus more on their videogame production. Also bring back old favorites like Parappa the Rapper and Crash Bandicoot for the kids. I'm no business expert but I don't know, maybe that could work. I feel like Sony should just become a smaller company to stay in business and actually make profits from their sales.

Remember when the PS3 was $500? Haha, that was funny.

well think about it..  at this point how many ppl don't have a nice or least good enough for there price range tv...  they last a good few years before you need a new one ....  that being said i like sony but they have to impress me with the pricetag and picture for me to buy their tv ( altho that stupid 3d one sounded intresting last e3) my current tv is a sanyo

If you subtract those TVs from the equation, especially the 3D ones that wound up being such a huge disaster, then I'd be guess that the gaming portion of Sony saw losses slightly higher than Nintendo, which is to be expect considering they just launched a new handheld console. They launched it at a terrible time though, should have waited so that none of those losses showed up on this report.

Meh they will recover its SONY...

Need to keep it in perspective that most of the losses are not because of the game side of Sony. Sony has had a terrible year, even several years in the TV market. With their massive investment in 3d TVs that has largely not payed off. Then figure in some stiff competition from companies like LG and they are in a tough situation. Sony for years was known to make some of the best quality electronics, you payed more for them but it was acceptable because they were well made. In my experience they are no longer head and shoulders above the competition in terms of quality but they still want you to pay the extra amount. They need more competitive pricing.

They posted there last quarter earnings as well, and you guys didn't even flinch on it. Hardware sales are down across the board and GI hasn't even said anything on it. Would be nice for this readership to know every once in awhile that every console seller is having a decline in console sales.

Does everyone remember when we were saying PS3 was having it's best year ever? They were having the best hardware sales of their lifetime, but coming out with 3 shooters last year (Resistance 3, Killzone 3, and Uncharted 3) is a oversaturation of your exclusive FPS market, especially since every single game was the "finale." With the lowering of the console price, I personally think Sony was expecting a software take over primarily in the U.S. market. Of course it didn't happen because the 360 and Wii have dominated the U.S. market, the 360 has twice the amount of systems in the U.S. when compared to the PS3.

But every single system is going through a downturn right now. If Kaz really thinks they can hold their own with a 10 year PS3 life span, I think the company will boot him. A new system for Sony will provide a new start in America, the major player in gaming sales. PS2 did so well because of America. Get it back Sony or lose your followship forever.

I think Sony could easily take back the market if they simply make an affordable system with free internet BEFORE the next Xbox. If they don't release it before the next Xbox, then they will need to have a paid membership in order to get online. That's the only way I see them making money off of the next console generation.

Im sure that if Sony would announce & get Square Enix to start developing Kingdom Hearts 3, than those sales would skyrocket. Just an announcement of KH3 would make me shell out for a PS3.

Well every body knows these companies do not make money on the hardware, they always take a loss there hoping to make it back on the software.

drop the price of the vita already, this is another console that is burdening you and not selling well...too many errors have been made by sony but i wont stop my support for them inspite of my preference to MS. i think sony will recover, they just need to hold off the ps4 and continue supporting the amazing and powerful ps3 and wait till MS will release their console. this will give them at least close to 10 years etc...good luck sony and dont die on me!