Did you hear? The economy is in the shitter. Big companies like PS3 platform holder Sony are feeling the pinch. The company has now issued a whopper of a profits warning that cuts its earning forecast by 57 percent. Previously, Sony expected to pull in US$4.7 billion from its game consoles, TV screens and electronic devices. Now, Sony expects to hit $2 billion in profits. The dip is the result of a weak global economy and a strong yen that hurts its export business. Analysts, though, say Sony will be lucky to hit $500 million in profits.

Sony issues shock profits warning [Times Online via MCVUK] [Pic]

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