Sony PS5 Margins Crisis: $10 Billion Vanished!

Sony PS5 Margins Plummet as Sales Forecast is Slashed, Stock Value Drops $10 Billion

Sony Corporation faced a major setback as the tech giant’s stock value plummeted by a staggering $10 billion following a substantial sales forecast cut for its flagship PlayStation 5 console. The Japanese company now anticipates selling 21 million units of the highly anticipated gaming console in the fiscal year ending in March, down from the previous forecast of 25 million units. This disappointing news had an immediate negative impact on Sony’s shares.