Sony Shares Fall on News of PS3 Delay in Europe
Shares of Sony fell after the company halved its forecast for shipments of the PlayStation 3 this year, delaying its introduction in Europe by four months.
The stock declined 2 percent to 4,950 yen, a six-week low, as of 9:50 a.m. in Tokyo. The delay was due to parts shortages for the Blu-ray DVD player included in the console, Ken Kutaragi, head of Sony Computer Entertainment Inc., said yesterday. Tokyo- based Sony said Japanese and U.S. sales are on track for a November release.
"The news is negative," Eiichi Katayama, an analyst at...
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