Monday 23 June 2008

Sony To Focus On Rebuilding Tv, Game Units

Sony's top priority in the coming year is "to restore profitability in our television and game businesses," the company's chairman, Howard Stringer, said today (Friday). Sony reported a $678-million loss in its TV business last year and a $3.4-billion loss in its game division. Speaking at a shareholders' meeting in Tokyo, Stringer appeared to take note of the fact that Sony's PlayStation game systems are selling well below those of rival Nintendo's Wii, when he said, according to a Bloomberg News report, "Three years ago, we were criticized for the lack of innovation. Three days ago, in a U.K. brand poll, Sony was ranked No. 1 this year. ... But, we are not No. 1 in my mind yet."


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