Sony shares fall to 31-year low in Japan

Sony Corporation’s share price has fallen to its lowest position in a generation in both Japan and the United States.

One day after Sony reported a 3.5bn loss for the financial year, Sony’s shares on the Tokyo Stock exchange hit a 31-year low, while its price on the New York Stock Exchange closed at the worst position since 1993.

A terrible trading day in Japan had Sony’s price fall by about seven per cent to 1,135 Yen. In America it fell by two per cent to close at $15.37.

Currently, Apple’s share price is about forty times larger than Sony’s in the US.

Read the full story on Develop.

[Image:Flickr(creative commons)]