Sony is dealing with more than three-billion-dollars worth of red ink for the fiscal year that ended March 31st.
The company will announce an annual net loss on Thursday. Sony still has popular titles such as “Resistance 3” coming that could boost sales of its PlayStation 3 system, but Microsoft’s Xbox 360 is currently outperforming the PS3. Sony’s also had a hard time lately trying to convince gamers that a security breach won’t occur again. Sony’s network breaches have cost it 170-million dollars.