Sony on net profit upswing as PlayStation sales soar

Jan 29, 2016

Sony on net profit upswing as PlayStation sales soar

Sony on Friday posted a nine-month net profit of ¥236.1 billion, as strong sales of its PlayStation video games console and image sensors used in mobile gadgets helped it move past years of losses. The once-iconic Japanese giant has been working to claw back ...

Sony game unit SCE to change name in April

Jan 26, 2016

Sony game unit SCE to change name in April

Sony Computer Entertainment Inc. (SCE) will change its corporate name to Sony Interactive Entertainment LLC, or SIE, in line with its integration with another Sony Corp. group company on April 1. The word “Interactive” was adopted as part of the name to reflect the ...

Jan 24, 2016

Toshiba to sell off most of its chip operations

Scandal-hit Toshiba Corp. has decided to sell most of its semiconductor chip operations to focus on its flash memory business, informed sources said. The operations to be put up for sale include the division that handles system large-scale integrated circuits, which are used in ...

Jan 7, 2016

Sony chief expects slower growth in smartphone sector

Sony Corp. President Kazuo Hirai said Wednesday he expects growth in the smartphone market to slow as it approaches saturation. “I don’t think this is a market where double-digit growth will continue,” Hirai told media outlets at the International Consumer Electronics Show. “It’s been ...

Nov 26, 2015

PlayStation 4 console sales top 30 million

Sony PlayStation 4 video game consoles have sold at a furious pace, topping 30 million units worldwide, the manufacturer said. PS4 has seen the fastest and strongest adoption since the first generation of the video game console was introduced in late 1994, according to ...

Oct 29, 2015

Sony wins big first-half profit on video games, weak yen

Sony Corp. on Thursday posted a six-month net profit of almost $1 billion, crediting its PlayStation video game unit and a weak yen for a big improvement in its finances as the company emerges from years of losses. The Tokyo-based electronics giant said net ...

Oct 22, 2015

EU slaps DVD drive-makers with €116 fine

Brussels A Hitachi Ltd.-LG Corp. joint venture and Sony Corp. were among a group of companies fined a combined total of €116 million ($131.6 million) by European Union regulators for fixing the prices of CD and DVD drives. Hitachi-LG Data Storage Inc. will have ...