Sony shares tumble

13 January 2009

Sony shares fell sharply on Tuesday amid reports that the electronics giant is set to post its first annual operating loss in 14 years because of a drop in demand and a strong yen, reported AFP. Sony is expected to post an operating loss of 100 billion yen ($1.12bn) for the financial year to March 2009, the Nikkei business daily reported.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications