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mylesillidge
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Sony shares drop after disappointing PlayStation 5 sales forecast
Sony Group Corp. fell as much as 8.6% in Tokyo on Thursday after cutting its PlayStation 5 sales forecast and announcing weaker-than-expected results from its gaming division over the holiday period.
The company slashed its fiscal-year outlook by more than 3 million units to 11.5 million PS5 sales and also warned that supply and logistics challenges will persist through 2022.
Sony Group Corp. fell as much as 8.6% in Tokyo on Thursday after cutting its PlayStation 5 sales forecast and announcing weaker-than-expected results from its gaming division over the holiday period.
The company slashed its fiscal-year outlook by more than 3 million units to 11.5 million PS5 sales and also warned that supply and logistics challenges will persist through 2022.