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View Full Version : Sony shares drop to 31 year low (Japan) 19 year low (US)



Oleh
13-05-2012, 10:38 PM
http://www.blogcdn.com/www.joystiq.com/media/2012/05/sony.png (http://www.joystiq.com/2012/05/11/sony-shares-drop-to-31-year-low-in-japan-19-year-low-in-us/)
Shares of Sony stock have dipped to their lowest number in 31 years in Japan and to a 19-year low in the US, following a dismal earnings report for the previous fiscal year. Sony shares dropped 7 percent in Japan, to 1,135 Yen ($14), and 2 percent in the US, closing at $15.37.

Sony CEO Kaz Hirai plans to lose 10,000 employees in a company-wide reorganization effort. Sony reported (http://www.joystiq.com/2012/05/10/sonys-fiscal-2012-results-820-million-loss-due-to-floods-ear/) a net revenue loss of 9.6 percent for fiscal year 2012, dropping from $89 billion to $79.1 billion year-over-year.

Source:http://www.joystiq.com/2012/05/11/sony-shares-drop-to-31-year-low-in-japan-19-year-low-in-us/#comments

redtom
14-05-2012, 09:17 AM
Buy now resell on PS4 launch. MINT'ED

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