Tokyo — Sony has warned operating profit could fall 30% or more in the current fiscal year as the coronavirus hampers production of devices such as smartphones and saps consumer demand for digital cameras and other electronics.
The company sounded the note of caution as it reported operating profit of ¥35.45bn for the quarter ended in March, down 57% from the same period a year earlier. Revenue also fell, to ¥1.75-trillion. Sony declined to provide a specific forecast for the current fiscal year for the first time since 2016 when the Kumamoto earthquake disrupted its operations...
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