The decline in stock price follows a string of troubles for Sony. Late last year, the company saw its credit rating dropped to junk status, despite its attempts to restructure in order to stem losses. It's worth noting that, while Sony did indeed post a loss for its third quarter, the loss was significantly reduced versus the same quarter in its fiscal 2011. Nevertheless, the games division saw significantly decreased sales, and the company cited the "slow penetration" of the PlayStation Vita as a "particularly important" issue.
Posted on Oct 20th 2014 3:30PM
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Posted on Oct 18th 2014 1:30PM