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Media report: Sony loses $10 billion of its market value after announcing its latest financial results

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Sony recently announced its financial results for the third quarter of the year, which witnessed sales of the PlayStation 5 device lower than expectations, causing Sony to reconsider its expectations for the results of the financial year by the end of the year and lower its sales expectations for the device in general.

According to a media report from CNBC, Sony lost $10 billion of its market value after these results, and according to the network’s analysts, the fear is not only about the performance of the PlayStation 5 device, but also about the company’s weak profit margins in the PlayStation division, which amounted to 6% of total revenues.

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