Sunday, 18 February 2024 20:57

Sony Stock Loses $10 Billion in Value

Written by Nick Rodriguez
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Sony's stock value plummets following the company's reevaluation of PlayStation sales and the reveal of additional financial data.

Sony has lost roughly $10 billion in stock value, as shareholders reevaluate the company's investment promise in light of an adjusted PS5 sales forecast and lower-than-expected operating margins in the last fiscal quarter. This news follows Sony's controversial comments about the PS5 entering the "latter stage" of its life cycle, which prompted a wave of discontent among PlayStation users on social media.

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