Despite PlayStation 4 being a success for the Sony corporation, the company continues to struggle with a whopping $1.1 billion loss for the fiscal year ending on March 31.
Reasons for this loss was thanks to Sony’s TV and PC division, which created giant holes for Sony. To compensate for the huge loss, a total of 5,000 jobs needed to be cut.
“Sony’s share of global TV revenue fell to 7.5 percent in the third quarter last year from 8.1 percent the previous quarter, according to NPD DisplaySearch. Sony ranked third, trailing Samsung and LG.”
“There’s no prospect of its TV business being profitable,” said Makoto Kikuchi, the Tokyo-based chief executive officer for Myojo Asset Management Co. “Sony’s strengths are content such as games and movies. It cannot increase profit without moving its focus from TV production to content.”
Sony’s plans to help their loss is reforming their PC and TV business by selling off their PC enterprise under the VAIO brand and separating it’s TV division into an individual unit after the news of the very same division losing money for the company the 10th year in a row.
Thoughts on this news? Leave them on the comments below! 🙂
