Sony Corp. lost $2.2 billion in market value today after Chief Executive Officer Kazuo Hirai cut his earnings forecast and posted a loss because of stalling demand for Bravia TVs, Cyber-shot cameras and Hollywood movies.
Sony Corp. President Kazuo Hirai is paying the price for trying to revive ailing TV and smartphone sales, with more than $2 billion of market value lost today, as his counterpart at Panasonic Corp. benefits from paring those units as it struggles to compete.
DeNA Co., the Tokyo-based company whose service lets people play games on mobile phones, is seeking to expand its e-commerce and mobile entertainment businesses and is mulling acquisition opportunities.
In “ Nintendogs ,” a game franchise for Nintendo Co. ’s DS, players train, groom, and feed a virtual puppy. Neglect your Nintendog, it gets filthy and runs away; care for it, the pup frolics and paws at the screen.
Sony Corp. , Japan ’s largest exporter of consumer electronics, halted factories that make televisions and cameras, citing difficulties procuring components and materials following the March 11 earthquake.
Sharp Corp. , which started selling its Galapagos e-reader in Japan this month and will market it in the U.S. in 2011, is targeting Europe and China next to challenge Apple Inc. ’s iPad and Amazon.com Inc. ’s Kindle.
Sony Corp. , struggling to return its television business to profit, may pass Samsung Electronics Co. this year as the top seller of flat-screen TVs in India, the fastest-growing major market, researcher DisplaySearch said.