CNET:
Not that long ago, Japanese companies such as Sony, Panasonic, and Sharp were considered premium brands.
These days, the Japanese consumer-electronics giants have largely been reduced to also-rans, many of which struggle just to turn a profit. Today, Sony's debt was downgraded for the second time in a month to one notch above junk status by Moody's.
Sony's preorder routine is slightly different this time around.
With BMW, Sony Honda and Ram revealing EV plans, cars dominated CES 2023
According to a recent statement by Sony, it has sold out around 25 million PlayStation 5 consoles.
Sad day
Very big lose to the electronics Industry!!!really very bad news!!!
well maybe it is, but i still consider sony a name brand. the build quality of their products are still at a high level compared to other asian brands.
most chinese products are junky looking, or un trust worthy or counterfit knockoffs.
now that thats out of the way
I must say the principle of what goes up must come down and the bubble bursts come into play. Sony cant keep going in the green every year eventually it has to stop and fall. they also made bonehead investments and very stupid moves, needless company absorption and buyouts just because they could.
in the case of Sony they just got greedy and its true they lost guidance, they got bigger and bigger to no end, they need to cut back to 2 divisions Video game + limited tv, computers and technology and music. and they need to cut everything else, those are the real bread makers only when done right. and its not the era of Japanese consumer all big companies with big impact are going to feel this soon enough with in the next 3 years.
also very interesting article, saved for future debates.
Interesting article. It seems sony might survive by just focusing on their mobile and gaming divisions. Not sure about the others.