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.
Chief Financial Officer Hiroki Totoki said some consumers appear to be shying away from buying the PlayStation 4 because of its earlier announcement about a next-generation game console that is under development.