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News Summary: Sony dips below 1,000 yen

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News Summary: Sony dips below 1,000 yen
Submitted by Fox First at Ten on June 4th

By The Associated Press
THE TUMBLE: Sony's stock price fell below 1,000 yen for the first time since 1980 - the year after it introduced the iconic Walkman portable cassette player.
WHAT HAPPENED: Sony Corp. has faced competition from Apple Inc. and Samsung Electronics Co. A strong yen, which erodes overseas income, and natural disasters at home and in Thailand, a key manufacturing hub, have added to its woes.
THE OTHER END: The stock had peaked at 16,950 yen in March 2000.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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