Sony’s Shopping Spree Is ‘Wrong Direction’ in Apple Battle: Tech

Dec. 13 (Bloomberg) — Sony Corp. Chief Executive Officer Howard Stringer has announced acquisitions worth $8.4 billion this year to bolster phones and content. That may not be enough to turn around a company heading for a fourth consecutive loss. Japan’s largest consumer-electronics exporter will pay cash to control its mobile-phone venture with Ericsson AB, [...]

Written on December 14, 2011 | Posted in News

Sony Faces PlayStation Price Pressure After Nintendo Cuts

(Adds closing share price in eighth paragraph.) Aug. 5 (Bloomberg) — Sony Corp., the world’s second- largest maker of video-game machines, shouldn’t count on Yukinobu Takeda to stand in line for the $380 PlayStation Vita when the portable player begins selling this year. “PS Vita’s quite expensive,” said Takeda, 36, an event planner in Tokyo, [...]

Written on August 8, 2011 | Posted in Global