Sony admits it faces “a lot of difficulties” with its shares at a 31-year low
Sony shares were at an a 31-year low for the company this week, decreasing by 6.7% to a low ¥1,132 ($14.16). Sony recently announced an annual loss of ¥456.7 billion ($5.71 billion). Newly appointed president Kazuo Hirai sure has his work cut out!
Speaking to the BBC, analyst Yuuki Sakurai said “Sony is facing a lot of difficulties and the new president has not been able to produce a clear plan as to how he will turn around the company” he added “Even the little that investors have heard, they are not very impressed with.”
With so much importance put on the Vita’s success, E3 seems like an even more serious event for Sony’s future.
Do you feel Sony could be in imminent financial trouble? Let us know in the comments below.