Sony Stock at Record 31-Year Low

Sony have plans to bounce back, but analysts are not as hopeful

After two generations of dominance in gaming, Sony has had to take a backseat as of late. It's not just in the gaming sector, either--a report from the BBC shows that Sony's total shares are at a 31-year low, bottoming out at approxmately $14.16 a share and posting a record annual loss of ¥456.7 billion ($5.71 billion).

 

Sony President Kaz Hirai and Sony leadership have plans to put the company back in the black, but financial analysts aren't as optimistic about Sony's chances. Fukoku Capital Management's Yuuki Sakurai had some stern words:

 

"Sony is facing a lot of difficulties and the new president has not been able to produce a clear plan as to how he will turn around the company. Even the little that investors have heard, they are not very impressed with."


While Sony's new "One Sony" plan aims to bring the company's profits back by focusing on gaming, one can only be so hopeful. With the Vita not exactly lighting the world on fire and the PS3 just holding steady, what do you think Sony needs to do to get back on top?

 

via Gamespot

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sony, ps3, vita
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