More updates about Sony feeling the economic crunch: it seems the entertainment electronics giant is expected to post its first ever loss in 14 years, and the second ever since the company itself was established in 1958. Just how much money is Sony expected to report losing? Around ¥100 billion – or US$1.1 billion.

That, my friends, is a pretty high number, and one that might be even double that, if the guys at Nikkei are to be believed – the reasoning for this estimate coming from the massive job cuts (around 16,000) that Sony itself has deemed essential. Huge shame, then, since the company had originally predicted a 200 billion yen profit for the year of 2007-2008.

Meanwhile the magnificent bastards over at Nintendo were spotted to be celebrating still, bathing in the showers of their money-printing machines.

Sony, come on. Get your act together.