• Kyodo

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Sony Corp. cut Tuesday its sales outlook for the current fiscal year through next March to ¥8.6 trillion ($79 billion) from ¥8.8 trillion forecast earlier, after the company lowered its sales expectations for PlayStation 4 hardware.

Sony’s sales downgrade, which represents a fall of 0.8 percent from the year before, came after the electronics and entertainment giant said in May it expected sales to rise 1.5 percent to ¥8.8 trillion.

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