Xbox One hasn't beaten it, and software wise, both PS4 and Xbox One are in dire droughts.
What people are missing here is context. The reason for the massively high net loss and operating loss is due to the one-time injection of 25bn yen into R&D and Marketing in Q4 of the fiscal year. We knew this ahead of time. If it wasn't for that, the company would have been back in Net Profit for the second year in a row, and the operating income would have had improvement.
And, the loss in their cash reserves is almost entirely down to the buyback of Yamauchi family shares, which was necessary.
Spout doom and crap all you want, but use your heads and include the context.