CNET was among a group of select journalists who sat down with Sony President and CEO Kazuo Hirai at CES 2014.
The company had previously said it would lose $1.4 billion in its fiscal year ended March 31, but it has now revised that number down to 126 billion yen.
Light at the end of the financial tunnel? Sony sees a brighter future riding its PlayStation, along with movies, music and components such as image sensors.
More layoffs announced for mobile division, seen by Sony leadership as a key to the company's turnaround efforts.
The cuts would reportedly be in addition to 1,000 jobs Sony already said it would eliminate in smartphone and tablet unit.
By bringing gaming, music and video under the Playstation brand, Sony positions itself to compete with streaming services like Netflix and Google Play.
At CES 2015, Sony CEO Kaz Hirai discusses the recent cyber attack on Sony Pictures and its film, "The Interview." Hirai says, "Freedom of speech is very important to Sony and its entertainment business."
Kazuo Hirai discussed being the target of "extortionist efforts of criminals" who hacked Sony Pictures for making the political satire film, "The Interview."
The entertainment giant touts big sales of its gaming console, especially during the holidays, during its CES keynote.
Rolling out new cameras, camcorders and televisions -- all enabled with 4K -- the electronics giant is hedging its bets with high-definition video.