{"id":83446,"date":"2023-05-01T09:28:35","date_gmt":"2023-05-01T05:28:35","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=83446"},"modified":"2023-05-01T09:28:38","modified_gmt":"2023-05-01T05:28:38","slug":"sony-shares-tumble-on-weaker-than-expected-annual-outlook","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/sony-shares-tumble-on-weaker-than-expected-annual-outlook\/05\/01\/market-updates\/","title":{"rendered":"Sony shares tumble on weaker-than-expected annual outlook"},"content":{"rendered":"\n<p>Sony Group Corp&#8217;s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate&#8217;s annual profit outlook fell short of market expectations.<\/p>\n\n\n\n<p>The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units.<\/p>\n\n\n\n<p>For the current business year, however, it projected a 3.2% profit decline to 1.17 trillion yen ($8.55 billion), missing an analysts average estimate of a 1.275 trillion yen profit, as it expects slow recovery in profitability in the videogame unit.<\/p>\n\n\n\n<p>Sony had struggled to make enough PS5 to meet demand during the COVID-19 pandemic because of supply chain snarls, but President Hiroki Totoki said on Friday the company was now ready to deliver the consoles without keeping customers waiting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Group Corp&#8217;s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate&#8217;s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the current &hellip;<\/p>\n","protected":false},"author":9,"featured_media":83447,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6939,6971],"class_list":["post-83446","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-japan","tag-nikkei"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=83446"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83446\/revisions"}],"predecessor-version":[{"id":83448,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/83446\/revisions\/83448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/83447"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=83446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=83446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=83446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}