Think you paid too much for your Playstation 3? Don’t expect any sympathy from Sony. In the company’s fiscal 2008 annual report, Sony revealed that they’ve now lost roughly $3.3 billion on the Playstation 3 since its launch. That breaks down to $2.16 billion in 2007, followed by a notably smaller but equally daunting $1.16 billion loss in 2008.

The reason? Pricing the console below its production cost. That’s right–that hefty $599 you paid for the PS3 back when it first launched was significantly cheaper than the cost of producing it in the first place, and while the retail price has come down some, the losses keep piling up.