Sony shifts focus back to electronics

Sony

After a short series of stumbles (like faulty laptop batteries and low supplies for the PS3), Sony is looking to returning to its roots in order to remain a leader in the electronics field.

Right now, the company has a hand in all sorts of ventures – from consumer electronics to music and movies to retail stores – but in an effort to focus on its core consumer electronics business, Sony announced that it will be reducing its stake in StyleLife Holdings, the holding company for its retail business.

Sony holds a 49 percent stake of outstanding shares in StyleLife Holdings, but the company will sell off 26 percent of those shares. Sony expects profits of ¥ 9 billion resulting from the sale. We hope this means PS3 supplies are getting a boost.

Via IGN

Sony

After a short series of stumbles (like faulty laptop batteries and low supplies for the PS3), Sony is looking to returning to its roots in order to remain a leader in the electronics field.

Right now, the company has a hand in all sorts of ventures – from consumer electronics to music and movies to retail stores – but in an effort to focus on its core consumer electronics business, Sony announced that it will be reducing its stake in StyleLife Holdings, the holding company for its retail business.

Sony holds a 49 percent stake of outstanding shares in StyleLife Holdings, but the company will sell off 26 percent of those shares. Sony expects profits of ¥ 9 billion resulting from the sale. We hope this means PS3 supplies are getting a boost.

Via IGN

Add a Comment

Your email address will not be published.