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Sony shares at lowest point for 16 years

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Oh dear. Having slashed forecasts by 57 percent for the current financial year, the PS3-maker's stock is now trading at a 16-year low.

Sony’s net income has fallen over ¥50b from the last quarter, dropping to ¥20.8b.

The firm announced this morning that PS3 sales were heavily up in the last quarter compared to last year, an 86 percent increase to 2.4 million units sold.

More on Edge.

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