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.
Apple Inc. will probably start selling ultra-high definition televisions with 65- and 55-inch screens during the fourth quarter of next year, according to a Tokyo-based analyst at Advanced Research Japan Co.
The day after Sony Corp . named Kazuo Hirai the frontrunner to succeed Chief Executive Officer Howard Stringer , Japan’s strongest quake hit. Three weeks into the job, an intruder hacked into the company’s online services.
Sony Corp. will resume full PlayStation Network services in Japan this week, completing the final stretch of the company’s 2 1/2 month restoration of its online operations after they were attacked by hackers.
Panasonic Corp., seeking to turn around after a record loss last year, said restructuring costs this year may exceed an initial estimate as the company takes charges to cut jobs and accounts for depreciation of factories.
Elpida Memory Inc. surged the most in three months in Tokyo after Mitsubishi UFJ Morgan Stanley Securities Co. rated the world’s third-biggest maker of computer-memory chips as “strong outperform” in new coverage.