"In the digital imaging and the game businesses, which are positioned as core areas of the electronics businesses along with the mobile businesses, the shrinking market for compact digital cameras, due to the expansion of the smartphone market, and the slow penetration of the PlayStation Vita portable entertainment platform are recognized as particularly important issues," claimed Sony. 

Sony needs to stop "recognizing important issues" and start actually doing something about them. I've held out hope for the PS Vita, fan of it as I am, for the past year now, and I'm officially through caring about the thing. It's a damp squib and Sony's done nothing to instill me with faith. It doesn't look like it has any faith itself in the system anymore.

You'd think the past five years would have at least taught Sony to stop sitting back and expecting problems to fix themselves, but it seems pathologically unable to break its habit of talking, talking, talking, without actually ever fixing. It promises big changes, it says every single year that this will be the year it wins, it says it has these wonderful, long-term plans that we're too small to understand, but it doesn't do anything to demonstrate it has a plan at all.

No wonder Sony has so many loyal followers. It's the gaming equivalent of God at this point.

Sony cuts Vita sales target again due to 'slow market penetration' [CVG]