Sony breakup 'long overdue,' analysts say
One year and about $2 billion in lost market value later, it may be time for Sony Corp. to take Daniel Loeb's advice about breaking up. Even after making restructuring attempts, such as the sale of its personal computer division, Sony remains 12 percent lower ...
Panasonic, Sharp pull up as Sony lags
Vigorous streamlining efforts paid off for Panasonic Corp. and Sharp Corp., two of Japan's three major electronics firms, in fiscal 2013, but Sony Corp. struggled to rebuild as its mainstay businesses continued to lose money. Thanks to drastic cost-cutting efforts and a restructuring of its ...
Sony posts massive annual net loss
Sony Corp. continues to struggle to rebuild its electronics businesses, reporting on Wednesday a ¥128.4 billion net loss for the business year that ended March 31. Its sales for fiscal 2013 increased to ¥7.7 trillion, up 14.3 percent, thanks to a weaker yen, steady sales ...
High-tech Japan jumps on wearable device bandwagon
Japanese firms are jumping into the race to manufacture a new generation of wearable devices that will link people more intimately with the Internet as they grow more dependent on gadgets to manage their lives. NTT Corp. and Toray Industries Inc. will soon release shirts ...
Japan Display Inc. shares plunged to 25 percent below last month's initial public offering price in Tokyo trading after reporting preliminary earnings that missed its forecasts. Japan Display fell 16 percent to close at ¥672. That compares with the ¥900 IPO price before the stock ...
Sony PS4 sales top 7 million mark
Sony Corp.'s PlayStation 4 sales are proving a bright spot for Chief Executive Officer Kazuo Hirai, who is cutting costs to spur a revival at a company hit by falling demand for its televisions and cameras. Sales of the $399 video-game console surpassed 7 million ...
Sony Corp. urged consumers Friday to stop using some models of its Vaio Fit 11A computer released in February due to possible battery overheating that could cause burns. Subject to the request are the models SVF11N19EJS, SVF11N1A1J and SVF11N1BAJ. The company is now identifying the ...
Techie ways to document life and have a little fun
Japanese video-equipment manufacturer Elmo has released QBiC MS-1, a tiny super-wide-angle video camera that can be easily connected to your smartphone over Wi-Fi.
BitSummit reveals tantalizing homemade worlds of play
After a successful debut last year, former Q-Games producer James Mielke once again shone a light on Japan's independent gaming scene with the second edition of BitSummit, a gathering of independent developers. This year's event, held March 7-9 in a large exhibition hall at Kyoto's ...
Sony Corp., seeking to counter a slowdown in its smartphone business, introduced a top-end Xperia phone and a cheaper model in a bid to take a share in a market that has become increasingly crowded. The Xperia Z2 combines 4K high-definition video recording, built-in noise ...
Sony Corp. has sold more than 5.3 million PlayStation 4s globally, beating its forecast, as it prepares to release the console in Japan this Saturday. The sales were for the period through Feb. 8, the company said in a statement Tuesday. Sony, which released the ...
Sony suffering seen as prelude to Loeb-inspired revamp
Sony Corp.'s latest earnings disappointment held a silver lining: the company's willingness to entertain some of activist investor Daniel Loeb's suggestions. And it may be just the beginning. The Tokyo-based company forecast a $1.1 billion annual loss as it sells the personal computer business and ...
