Sony cuts profit forecast as demand stalls
Sony Corporation unexpectedly cut its full-year profit forecast amid plunging box-office receipts for its movies and stalling demand for its televisions and digital cameras.
Sony Corporation, Japan’s biggest electronics exporter, unexpectedly cut its full-year profit forecast amid plunging box-office receipts for its movies and stalling demand for its televisions and digital cameras.
Net income will probably total 30 billion yen (€223 million) in the year ending in March 2014, the Tokyo-based company said in a statement today, cutting its August projection for 50 billion yen in profit. The company also posted a second-quarter loss.
Sony is struggling to catch Samsung...
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