You think 10% is bad now wait to see if Sony is going to announce they are blocking used games on PS4 next week.
Sony shares slide most in four years
After reporting eighth consecutive quarterly loss, PlayStation maker shares dive more than 10 percent.
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.
Sony is expected to announce the PlayStation 4 during a media briefing on February 20 in New York City. Next-generation consoles are expected to provide a jolt not only to platform holders, but also to the industry at large, which has seen overall sales slide for months on end.
Content you might like…
Users who looked at this article also looked at these content items.
Hot Stories
Newsmakers
-
Preowned games on Xbox One decided by publisher
Microsoft confirms that it won't charge any fees for any titles eligible for resale. Full Story
- Posted Jun 6, 2013 4:00 pm PT
-
Microsoft confirms required 24-hour check-in for Xbox One
Playing Xbox One games on somebody else's console will also require a check-in every hour. Full Story
- Posted Jun 6, 2013 3:41 pm PT
Featured Stories
-
PlayStation 4 will cost $399
Sony confirms a $399/€399/£349 price for the PlayStation 4 hardware, $100 cheaper than Microsoft's Xbox One. Full Story
- Posted Jun 10, 2013 11:19 pm PT
-
New Halo coming to Xbox One; runs at 60fps
Will be coming in 2014. Full Story
- Posted Jun 10, 2013 11:11 am PT
-
Del Toro calls BioShock Infinite a 'mindf*ck'
Pan's Labyrinth director praises Ken Levine and Irrational Games for latest BioShock, says he would consider large-scale Pacific Rim game "God willing." Full Story
- Posted Jun 13, 2013 8:53 am PT
-
Microsoft: Xbox One will be leading product people love and embrace
Xbox boss Don Mattrick believes concerns over connectivity are overblown, recommends Xbox 360 for those without an Internet connection. Full Story
- Posted Jun 11, 2013 5:52 pm PT
-
New Mirror's Edge is open-world
EA Labels boss Frank Gibeau describes new project as "open-world action adventure game." Full Story
- Posted Jun 12, 2013 10:45 am PT







