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. will probably put songs by Michael Jackson and Whitney Houston online in Japan through its streaming music service. The trouble will be finding listeners who haven’t bought them from Apple Inc. in the past seven years.
Akiko Hirai says the Hamaoka power station 3 kilometers (1.9 miles) from her home evokes such dread of the crippled Fukushima plant that she would spend $6,000 installing solar panels if it helped make Japan nuclear-free.
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 is poised to overtake Germany and Italy to become the world’s second-biggest market for solar power as incentives starting July 1 drive sales for equipment makers from Yingli Green Energy Holdings Co. to Kyocera Corp.
Sharp Corp. may lose more money than it forecast this year, analysts predict, increasing pressure on the struggling Japanese electronics maker to raise funds and complete a stake sale to Foxconn Technology Group.