Sony, the Japanese electronics giant, has announced its ambition to increase sales in emerging markets by 40 percent by the end of 2014, with China being its main focus.
Sony Pictures is planning to make a new movie based on the classic Mattel toy line. It looks like He-Man could be set for a return from the wilderness in the near future.
Deadline has an exclusive interview with Hollywood director John Chu, who says he is in initial talks with Sony Pictures to make a new live-action adaptation of Masters of the Universe.
Sony said on Thursday that its fiscal first-quarter net loss widened to JPY24.6 billion (USD313.5 million) while it cut its profit forecast for the year as the struggling Japanese firm overhauls its business.
As Sony Mobile Communication is increasing the number of its entry-level, mid-range and three-proof (water, dust, scratch) smartphone models to stimulate market demand, while also restarting its cooperation with smartphone ODMs, sources from the Taiwanese upstream supply chain expect their orders from Sony in the second half will have an obvious recovery; however, the ODMs' third-quarter orders are still expected to stay flat or grow slightly on quarter.
Scandal-hit Japanese camera maker Olympus is in separate talks with Sony and Panasonic for a possible tie-up as it looks to rescue itself after a huge losses cover-up, a report said on Wednesday.
Japan's cash-bleeding electronics giants Sony and Panasonic are looking to join forces to produce next-generation televisions in a bid to claw back market from South Korean rivals, a report said on Tuesday.
Samsung, Apple and Sony are among the leading electronics brands in India when it comes to online purchase levels, new figures have shown.
According to eBay, the ecommerce group, Samsung manufactured 31 percent of all electronics products bought from its site during the first quarter of 2012.
It exactly matched this share in the mobile phone sector, thus registering the highest total of any company overall. Within this, however, Samsung's scores hit 35 percent when considering smartphones, ahead of Sony and BlackBerry on 26 percent each.
Japanese consumer electronics giant Sony posted a record net loss of USD5.74 billion last year, but expects a return to profit this year as it trims losses in its TV business.
Under new CEO Kazuo Hirai, Sony is slashing costs and jobs in a bid to turnaround its struggling TV unit. While considering partnerships to help Sony compete better in TVs, Hirai is looking to cameras, gaming and smartphones to spur growth.
India is becoming an increasing priority for Sony, with the electronics firm planning to derive 10 percent of its business from the subcontinent by 2017.
Speaking to the Economic Times, Tadato Kimura, General Manager at Sony India, said that selling high-end products in urban areas would be a key part of the company's growth plan.
If the 10 percent target is achieved, India would become one of Sony's top five global markets. The Asian nation already accounts for 5 percent of the firm's sales, with TVs, cameras and laptop computers proving particularly popular.
Sony will cut 10,000 jobs worldwide this year as it attempts to carry out sweeping reforms aimed at reviving the iconic but loss-making Japanese electronics giant, the Nikkei business daily said on Monday.
About half the planned job cuts are part of a restructuring of Sony's chemical unit as well as operations tied to its small and medium-sized liquid crystal display panels, the Nikkei said in its online edition.