Sony shares slide most in four years

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Sony shares slide most in four years - Sunday, February 10, 2013 6:41 PM ( #1 )

Following its eighth consecutive quarterly loss, Sony shares have fallen by more than 10 percent. That represents the single most precipitous drop in over four years, Bloomberg reports. 

 Shares on the Tokyo Stock Exchange fell today from ¥1,519 ($16) to ¥1,365 ($14), the biggest dip since November 2008. Sony this week reported a quarterly loss of ¥10.8 billion ($116 million) and slashed its PlayStation Vita sales forecast by an additional 3 million units.

Sony said it saw the "slow penetration" of the PS Vita as an ongoing issue, and promised to support the handheld device with more software. The company expects to sell a total of 7 million PS Vita units by the end of March.

With Sony's terrible advertisements and the lack of games for the vita i am not surprised, if the PS4 isn't a success SONY may just go the way of Sega. 

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