Sony Stock Reportedly Fell $10 Billion Last Week Following Drop in PS5 Sales Forecast

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Sony Stock Reportedly Fell $10 Billion Last Week Following Drop in PS5 Sales Forecast

Sony reportedly lost around $10 billion in value as the stock price has fallen following Sony cutting its PlayStation 5 forecast from 25 million units to 21 million units in the fiscal year ending March 2024, according to CNBC.
Analysts already believed Sony’s target was too lofty say a bigger issue for Sony is the declining operating margins in the PlayStation business…
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