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Sony Forecasts Shipping 7% Fewer TVs in Fiscal Year Ending March 31

Sony shipped 12.4 million TVs in the year ended March 31, a 2.5 percent increase from a year earlier, but about 100,000 units shy of its October and February forecasts, the company reported Friday. Sony is forecasting shipments of 11.5…

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million TVs in the current fiscal year, which would amount to a 7 percent year-on-year decline.