Sony aims to rediscover magic of its glory days

Sony, once the world's greatest electronics trend-setter, faces a tsunami-scale challenge to turn its fortunes around, writes Tina-Marie O'Neill.

14th April, 2012

Sony, once the world's greatest electronics trend-setter, faces a tsunami-scale challenge to turn its fortunes around in the face of record losses, stiff international competition and a strengthening yen.

Last Wednesday, the Tokyo-based group posted a record annual loss of 520 billion yen (almost €5 billion) for the year ended March 31. That's more than double its annual loss forecast and the company's worst since it was founded in 1946. Cumulatively, it has lost about...

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