Sony shares fall to 31-year low in Japan

Rob Crossley
Sony shares fall to 31-year low in Japan

Sony Corporation’s share price has fallen to its lowest position in a generation in both Japan and the United States.

One day after Sony reported a £3.5bn loss for the financial year, Sony’s shares on the Tokyo Stock exchange hit a 31-year low, while its price on the New York Stock Exchange closed at the worst position since 1993.

A terrible trading day in Japan had Sony’s price fall by about seven per cent to 1,135 Yen. In America it fell by two per cent to close at $15.37.

Currently, Apple’s share price is about forty times larger than Sony’s in the US.

Read the full story on Develop.

[Image: Flickr (creative commons)]

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Tags: Sony , Japan , price , share , us , shares , fall , low , cuts , financial , 31-year , Tokyo Stock Exchange

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