Sony Chief Executive Officer Kazuo Hirai “apologized to investors today after the maker of PlayStation consoles and Xperia smartphones projected a sixth loss in seven years,” BusinessWeek reports. “Sorry that we failed to meet shareholders’ expectations,” Hirai said at the company’s annual meeting in Tokyo. “We will bear responsibility to complete restructuring in fiscal 2014, with a strong sense of crisis and without further delay.”
Sony has lost $831 million since Hirai became CEO in 2012 and predicts another 50 billion-yen loss this year as he struggles to revive the television business.
The full article here focuses on the TV, movie-making, game console, phones, and other large Sony divisions. Cameras doesn’t get a mention, apart from noting, “When Hirai took over, he said Sony’s revival would be driven by mobile devices, games and imaging products.”