Sony’s posted a full-year loss for the first time in 14 years—98.9 billion yen ($US1 billion)—fulfilling doomy prophecies—which was better than expected. Sony thinks next year will be worse.
What a very unhappy birthday week. Its original charter, with the credo,”we must avoid problems which befall large corporations,” and the drive to “create and introduce technologies which large corporations cannot match” is exactly what Sony needs to follow now. We think Sir Howard gets it, but is that really enough?
Take a moment to relive the glory days, won’t you? [AllThingsD, Image: Flickr/Shagy6six6]
matt
May 15, 2009 at 9:52 AM
being such a big and complicated company that sells premium products, in the middle of a global financial crisis – where no one wants to spend money on premium products – in which japan is in or near a depression; i think they are doing ok.
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