Sony shares slump 10% after 8th quarterly loss
Sony's shares dropped the most in four years after reporting an eighth consecutive quarter of losses.
Sony's shares dropped the most in four years after reporting an eighth consecutive quarter of losses, an unpleasant surprise for investors who borrowed money to buy the stock on bets the weaker yen would help turn around Japan’s biggest exporter of consumer electronics.
Its CEO and president Kazuo Hirai is relying on selling real estate as he struggles to find products able to compete with Apple and Samsung devices.
Sony shares slumped 10...
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