You are here

Sony shares slump after profit-forecast cut, Q2 loss

Group should reduce costs, launch more aggressive product, business reform: Fitch

Tokyo SONY Corp lost US$2.2 billion in market value yesterday after chief executive officer Kazuo Hirai cut his earnings forecast and posted a loss because of stalling demand for Bravia TVs, Cyber-shot cameras and Hollywood movies. The stock slumped 11 per cent in Tokyo trading, the biggest drop

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom