Sony (SNE) cuts its fiscal year profit outlook by 57% to ¥200B ($2.05B) and its full year net...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE) cuts its fiscal year profit outlook by 57% to ¥200B ($2.05B) and its full year net profit by 38% to ¥150B. A strong yen and the global slowdown are hitting Sony hard just as its videogame and TV businesses were beginning to pick up steam. Shares -6.3% in Tokyo.