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Sony shares down 8% as smartphone economy weakens

Investors spooked by falling demand for image sensors and PlayStation 4 consoles

Sony was a big decliner as the Tokyo Stock Exchange opened on Feb. 4.   © Reuters

TOKYO -- Sony shares took a beating on the Tokyo Stock Exchange on Monday, after the company cut its revenue outlook for the fiscal year late last week.

Shares were trading at 5,055 yen in early afternoon, down 8.1% from Friday's close, having fallen nearly 9% in the morning.

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