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>> PLAYSTATION VITA Latest News

OCT 31, 2013 - New Statesman

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Five questions answered on Sony’s slashing of its full-year profit projections

What has Sony said about its revised forecasts?Japanese-based Sony has slashed its full-year profit forecast by 40 per cent. We answer five questions on the electronic giants profit falling predictions. What’s Sony’s revised forecast for its profits? The company is now anticipating to make a net profit of 30bn yen ($305; £190m) in the financial year to 31 March 2014. This is down from earlier estimates of 50bn yen. Why has Sony downgraded is profit estimates? In the July-to-September quarter Sony’s loss widened from 25 per cent from a year ago to 19.3bn yen. Its ... Read More

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