Sony stock slumps as PlayStation 5 sales to miss target

Shares of Sony slumped in Tokyo trade on Thursday as the electronics giant cut its sales forecast, citing worse-than-expected PlayStation 5 sales.

Sony shares JP:6758 SONY dropped 6.5% in Tokyo trade as the company cut its sales outlook for the current quarter by 100 billion yen ($666 million) and its adjusted earnings before interest, tax, depreciation and amortization by 15 billion yen.

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Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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