“Japan’s Sony Corp. said on Monday it would unveil a long-awaited restructuring plan on September 22, aimed at turning around the struggling electronics and entertainment giant,” Reuters reports.
“Sony, maker of Vaio PCs and PlayStation game machines, had said it would announce a new strategy in late September to reallocate resources, suggesting it would look to trim its product lineup or downsize poorly performing businesses. Chief Executive Howard Stringer, the first foreigner at the helm of the Japanese electronics conglomerate, President Ryoji Chubachi and Chief Financial Officer Nobuyuki Oneda are scheduled to attend the meeting,” Reuters reports.
“One area in need of repair is Sony’s television unit, which lost 25.7 billion yen on an operating basis in the past business year on weak sales of traditional cathode ray tube sets and sinking prices of liquid crystal display models,” Reuters reports. “The inventor of the Walkman is also trying to regain its footing in the portable music player market where it has been outmaneuvered by Apple Computer Inc. and its popular iPod device and iTunes online music store.”
Full article here.
Let’s hope Sony gets their act together and, if they do decide to concentrate on portable digital music and online music services, that they do them both well as the competition will be good for everyone, including Apple. While Apple is doing a fine job innovating right now, due to lack of competent competition, we’d hate to see them ever start to slip and slide the slope towards complacency (see Microsoft). We hope that a “new” Sony would stop copying of Apple and quit the Windows-only copy-protecting of non-Red Book-compliant CDs for starters, at least.
Sony’s new Windows-only ‘Connect Player’ bears eerie resemblance to Apple iTunes – September 09, 2005
Too little, too late? Sony getting killed by Apple in digital audio – September 09, 2005
Also-ran MP3 player makers miffed by Apple’s impossibly low price for iPod nano – September 09, 2005
Sony and Warner holding out on Apple iTunes Music Store Australia – September 08, 2005
Sony Connect President in wake of iPod nano: ‘we will accelerate our challenge’ to Apple iPod – September 08, 2005
Apple close to deal with Sony for ‘online music download service for Japanese iPod users’ – September 05, 2005
Bad news for Sony: millions worldwide choosing Apple iPods – August 22, 2005
Sony to combat music market ‘maestro’ Apple Computer with ‘Walkman Beans’ – August 18, 2005
Musicians stage mutiny against Sony, defiantly offer music via Apple’s iTunes Music Store – August 10, 2005
Apple’s Japan iTunes Music Store debut more bad news for Sony – August 04, 2005
Sony debuts US$199 1GB iPod shuffle killer, bills it ‘small as a pack of gum’ – July 06, 2005
Sony BMG and EMI try to force Apple to ‘open’ iPod with iPod-incompatible CDs – June 20, 2005