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Sony's key image sensor business hit by smartphone market decline

Japanese group forecasts 12% drop in net profit for FY2020 amid coronavirus

Sony's plan to launch its next-generation console PlayStation 5 around the end of the year is still on track. (Photo by Masayuki Kozono)

TOKYO -- Sony expects net profit for this fiscal year to slide 12% to 510 billion yen ($4.8 billion), marking the lowest level in three years, the Japanese conglomerate said on Tuesday, as the economic fallout from the coronavirus pandemic puts the brakes on its image sensor business.

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