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Sony changes forecast: 38% Lower Earnings
Sony today announced they were reducing their earnings forecast by 38% as a result of the world’s current financial state.
With the economy not looking so great around the world at the moment it is only natural Sony get affected this way. Many industries around the world are being hit hard and Sony have cited the world’s current economy for the reduction.
Things could get worse for Sony though as the company states:
“market fluctuations could further negatively impact the revised forecast”
Business experts, Forbes, have written an interesting article on the news subject which I suggest you read; they get into some serious number crunching.
Will Sony recover? Discuss in our Forums!
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