Sony loses $ 2.2 billion in market value

Sony lost $ 2.2 billion in market value after cutting annual profit forecasts.

The company was forced to lower its projections due to poor performance in the last quarter of Bravia televisions, digital cameras and films. During the period, the company reported a loss of US $ 197 million.

With the announcement, the company’s shares dropped 11% on the Tokyo Stock Exchange this Friday, the 1st – the biggest drop in the last five years, according to Bloomberg.

Papers on the New York Stock Exchange also suffered, rising from $ 19.50 on Thursday, 31, to $ 16.70 (at the time of publication of this story).

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