Sony Corp. President Kazuo Hirai is relying on selling real estate to make the company's first profit in five years as he struggles to find products able to compete with Apple Inc. and Samsung Electronics Co. devices.
Japan's largest consumer-electronics maker posted an eighth straight quarterly loss and again cut sales targets for TVs, gaming devices and compact cameras. It reiterated a forecast for full-year net income of 20 billion yen ($213 million), including gains from the $1.1 billion sale of a New York building.
"Having assets to sell is saving Sony,"
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Sony CEO Keeps Focus
January 8, 2013
From News
It was clear that Sony CEO Karou Hirai stuck to his product strategy - imaging, gaming, mobile, TV turnaround - during Sony's 2013 CES press conference.
