Personal View site logo
Sony goes from hardware to entertainment
  • Vitaliy_KiselevVitaliy_Kiselev

    Sony Corp aims to lift its movie entertainment revenues by more than a third in the next three years, its chief executive said on Tuesday as the loss-making consumer electronics firm tries to counter flagging smartphones sales.

    http://www.reuters.com/article/2014/11/18/us-sony-outlook-idUSKCN0J203Y20141118

    Unsolicited advice, already circulating among Sony watchers, ranges from shutting down the mobile division to dumping PlayStation before game consoles fall completely out of fashion.

    Chopping off business units that aren't making money is a logical step. But this is precisely the sort of decisive action that big Japanese corporations -- which like being big -- hesitate to take. However, Sony is the rare Japanese company with a record of bold decisions. It got out of the PC business this year. It spun off its TV unit last summer. The popular sentiment among investors now is that Sony should do the same with its smartphone business.

    http://www.eetimes.com/document.asp?doc_id=1324656

  • 2 Replies sorted by
  • CdeCde

    Playstation is at least profitable.

    It is true that it is in an increasingly irrelevant market space though. I don't think Microsoft will be sticking around for another round.

  • Vitaliy_KiselevVitaliy_Kiselev

    Playstation is at least profitable.

    Well, looking at PSN and their store it seems like they do not think that they need this profits.

    As they are working hard to make this department also unprofitable.

Add a Comment