Sony sees lower annual profit as gaming business slows
Updated : April 26, 2019 12:26 PM IST
The bleak outlook comes amid concerns that a turnaround is losing steam at Sony - which has shifted its focus to movies, music and gaming for stable revenues, after battling years of losses with consumer electronics such as TV sets that are more susceptible to price competition.
Reflecting growing worries over Sony's strategy, shares of the company have lost more than 30 percent from their 11-year highs set in September last year.
Sony's gaming business is forecast to post a profit of 280 billion yen, versus 311 billion yen a year earlier.
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