Sony stock slumps as PlayStation 5 sales to miss target

by | Feb 15, 2024 | Stock Market

Shares of Sony slumped in Tokyo trade on Thursday as the electronics giant cut its sales forecast, citing worse-than-expected PlayStation 5 sales. Sony shares JP:6758 SONY dropped 6.5% in Tokyo trade as the company cut its sales outlook for the current quarter by 100 billion yen ($666 million) and its adjusted earnings before interest, tax, depreciation and amortization by 15 billion yen. Sony…

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Shares of Sony slumped in Tokyo trade on Thursday as the electronics giant cut its sales forecast, citing worse-than-expected PlayStation 5 sales. Sony shares JP:6758 SONY dropped 6.5% in Tokyo trade as the company cut its sales outlook for the current quarter by 100 billion yen ($666 million) and its adjusted earnings before interest, tax, depreciation and amortization by 15 billion yen. Sony…

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