Sony had a rough start to the year as the Japanese electronics giant cut its sales forecast for the PlayStation 5, as it faces a bigger challenge than rival Microsoft.
The company’s stock has fallen by about 13% since the beginning of the year, with about $25.71 billion in the value of the company fading, according to Refinitiv data.
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Feb 1, 10:37 GMT
Sony’s gaming division posted revenue of 813.3 billion yen ($7.08 billion), down 8% year-on-year, and the company lowered its sales forecast for the division for the current fiscal year, which ends in March, by 170 billion yen to 2.73 trillion yen. .
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