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Sony shares drop after losses increase

Stock falls 6 per cent today after Q2 sales were down by almost a quarter

The value of shares in Sony Corporation fell by almost 6 per cent today after the release of the company's financial results last Friday.

Second quarter numbers saw sales drop by almost a quarter versus the previous year - despite PlayStation 3 numbers up significantly - leading to losses of JPY 58.8 billion (USD 651 million).

The stock closed today at JPY 2625 (USD 29.09) on the Tokyo exchange on a mixed day for Japanese videogame numbers - both SEGA and Konami were down 2.4 per cent and 1.9 per cent respectively on the day, while Nintendo and Square Enix were up 0.9 per cent and 4.6 per cent in turn.

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Phil Elliott avatar

Phil Elliott