Sony Stock Prices Fall Over 10 Percent

February 8, 2013

It's no secret that Sony has been struggling for quite a while now. The company posted its eighth consecutive quarterly loss, and as such, its shares have dropped a whopping 10.78 per cent. According to Bloomberg, this is the largest stock decline the company has seen since 2008.

While the losses are getting smaller company-wide, it's worth noting that the games division hasn't been doing so well, with Sony placing the brunt of the blame on the Vita. That shiny little handheld is really proving to be one heck of a thorn in Sony's side.

Do you think the PlayStation 4 will be enough to pull Sony and its game division back to its feet? Share your thoughts in the comments below.

[Via]

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