And so it goes for Sony, one bad decision after another has led them to this era of doom and gloom. This Reuters article breaks down the recent troubles and how it has impacted investor confidence. One analyst goes so far as to say that investors should be prepared for the games division to not make a profit on the PS3. That'd be bad for Sony, who don't have the cash reserves of Microsoft or Nintendo. They simply can't weather a bad storm.
I do, however, give credit to Kutaragi for telling the truth. It's not often a corporate big wig would admit such a thing. Of course, I could have told you that Sony's hardware has been declining for years. Anyone else out there on their second (or third) PS2?