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Sony cuts earnings forecasts by 57%

According to this GI piece, Sony has cut its earnings by 57 percent and “downgraded its operating profit forecast” for year ending March 2009. Sony had originally banked on ¥470 billion (£2.9 billion) in profit but have have revised that figure to ¥200 billion (£1.2 billion). The company cited lack of demand for its products […]

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