Sony shares slump after profit-forecast cut, Q2 loss
Group should reduce costs, launch more aggressive product, business reform: Fitch
Sat, Nov 02, 2013 - 6:00 AM
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,...