Sony cuts sales forecast on weak PlayStation ops

Lower sales: Sony Corp PlayStation 4 games consoles sit stacked inside an electronic goods store in Berlin. The Tokyo-based company sold 8.1 million PS4 consoles, down from 9 million a year ago. — Bloomberg

TOKYO: Sony Corp reported weaker profits in the PlayStation business and cut its annual revenue forecast, triggering the steepest share decline in almost three and a half years.

The stock fell 8.1% in Tokyo yesterday, the most since September 2015, after operating income in games fell 14% to 73 billion yen (US$666mil) for the holiday quarter.