Weak outlook: Sony says sales of the PlayStation are among those forecast to decline in the year to March 2019. — Bloomberg
TOKYO: Sony Corp shares fell the most in almost two years after the electronics maker missed profit estimates and forecast weaker sales and operating profits across most of its business units.
The stock fell 6.1% to 5,073 yen in Tokyo, the biggest one-day drop since June 2016 and the first trading session after last week’s earnings. The move wiped out about US$4bil from the company’s market value, while volume was twice-as-high as the 180-day average.
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