Bombshells at Sony

He may even, he hinted, ditch the company’s historic television manufacturing business. Given the glacial pace of decision-making at the Japanese electronics giant, these were bombshells. Whether they will satisfy shareholders is a different question. Analysts noted that despite the blizzard of revenue targets, profit goals and restructuring promises in Mr Hirai’s coming out presentation yesterday, the company’s operational future remains thinly sketched, and difficult. Meanwhile, Apple’s entry to the TV market looms, and it probably won’t be good news for incumbents. What is for sure is that Sony is about to post its biggest-ever loss, which it estimated earlier this week at ¥520bn (£4bn)…

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