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 ...

Sony's Hirai says turnaround past midway point

Oct 8, 2015

Sony's Hirai says turnaround past midway point

Sony Corp.’s struggling electronics businesses have passed the midway point on the way to financial health, President Kazuo Hirai said. “Three years of restructuring are beginning to bear fruit,” Hirai told reporters during a group interview in Tokyo on Wednesday. “Except for smartphones, every ...

Oct 7, 2015

Sony spins out semiconductors as Hirai pushes accountability

Sony Corp. will spin out its semiconductor business into a new company as President Kazuo Hirai revamps the devices business to focus on hit products such as image sensors and considers selling underperforming assets. Sony Semiconductor Solutions Corp. will begin operating in April and ...