Weaker earnings: Sony Corp on May 24 forecast weaker-than-expected earnings this year after partially halting production of its cash-cow image sensors last month to assess earthquake damage to its factory. — Reuters
Sony on April 21 nearly tripled its annual net profit forecast, citing lower-than-expected costs in its chip business and other divisions, including the PlayStation games business.
The Tokyo-based firm is now expecting net profit of 73 billion yen (RM2.94bil) for the fiscal year to March, well up from its last forecast of 26 billion yen (RM1.05bil).
