Sony Cuts Profit Forecast by 57%

10/23/08

Sony has cited its games division as one of the key areas to expect a fall. “We expect our results to be lower than the July forecast with operating income decreasing by approximately ¥130b, mainly within the Electronics and the Game segments,” the company said.

Multiple reports in Edge see the PS3 leaking sales in key areas such as Japan, the US and Europe. Earlier today we reported Famitsu’s estimates that the PS3 sold just 4,800 units in Japan for the week ending Oct 17.

Read the entire article HERE.

10/23/08

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