Sony CEO Predicts 20-Yr High Op. Profit; Says Co. Needs More Innovation

Sony CEO Kazuo Hirai is feeling pretty good these days. After an incredibly tough turnaround period where many questioned his plan, Hirai said this week that the company expects to book an operating profit of ¥500 billion ($4.5 billion) in the fiscal year … Continue reading

Film Flops Force Sony to Take $1Billion Writedown

Sony Corps’ struggling film division, which hasn’t seen a major hit movie in a long while, has finally forced the company to take a writedown against third quarter earnings of a substantial $1 billion. The difficult decision was necessary to … Continue reading

Sony’s Tightened Partnership with Best Buy Credited for Biz Turnaround

Newly Spun-Off TV Division May Show a Profit for 1st Time in 10 Years In a new report out of Japan, Sony’s TV business is said to be expected to report an operating profit this fiscal year – its first … Continue reading

After Fighting Idea for Years, Sony is Ready to Dump TV, A/V, & Smartphone Businesses

In a revealing presentation with the press yesterday in Japan, embattled Sony CEO Kazuo Hirai told the media that the company is finally ready to consider alternatives for its TV, A/V, and smartphone businesses, including exiting them. This is a … Continue reading

Amazing! Sony CEO Admits Company Failings – Says ‘Wow’ is Future

Sony’s CEO Kazuo Hirai gave a relatively compelling keynote presentation that was in stark contrast to their rather dry Mike Fasulo and unemotional press conference. Not only was Hirai dynamic and at times, emotional even – he competently and capably … Continue reading

Sony Slaps Senior Execs – Makes Them Give Back Pay

In a public move that will probably make more sense in Japan than it will here, Sony Corp. said on Tuesday that seven top executives will return their fiscal 2011 performance-linked bonuses. The executives affected by this decision include their … Continue reading