We must grow digital imaging business, says Sony’s new president

Sony Corp. has today announced several management changes at its highest levels, as it braces itself for a fourth straight year of losses. The  company last turned a net profit in 2008, and has been struggling with several of its core businesses in recent years, as detailed by C|Net News. Sony's once-dominant Playstation games console brand has had a difficult few years of very public security breaches, coupled with stiff competion from Nintendo and Microsoft. In the mobile business, the company's partnership with Ericsson has been challenged by strong offerings from smartphone rivals... (read more)

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Wed, 2012-02-01 13:25