Sony Falls Most in a Year on Warning Over Smartphone Demand
- Entertainment firm slashed movie outlook on Hollywood strikes
- Results sparked concern about PlayStation marketing costs
Sony is a key supplier of image sensors to Apple Inc. and other smartphone makers.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Sony Group Corp.’s shares tumbled after the electronics and entertainment group warned about delays in a smartphone market recovery and gave a financial outlook that missed expectations.
Sony’s stock price dropped as much as 6.7% during Thursday morning trade in Tokyo, the biggest intraday fall in a year.