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Sony Said to Consider Cutting Smartphone Target Again

Sony Corp. may cut its annual sales target for smartphones for the second time this year, according to a person familiar with the matter.

The revision may be announced when Sony releases second-quarter earnings on Oct. 31, the person said, asking not to be identified because the information is private. The maker of Xperia devices said in July it expects to sell 43 million units in the 12 months ending March, lowering an earlier projection of 50 million smartphones.