Sony slashes its outlook for TV

SONY stuck with its full-year profit forecast despite slashing its outlook for TV sales, saying it is confident that other units will perform better than anticipated to offset the losses.

The maker of Bravia TVs and PlayStation game consoles left its full-year operating profit outlook unchanged at 200bn yen (£1.6bn), flat on the previous year, even though it cut its annual forecast for LCD TVs to 22m sets from 27m. That profit target is below an average analyst forecast.

Its profit for the quarter fell to 27.5bn yen from 67bn yen a year earlier.