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Stringer: PlayStation profitability is key for Sony Corp
Stringer: PlayStation profitability is key for Sony Corp
MCV - June 20, 2008
Submitted by Sanderson1 (1446) at 7:54AM PST on June 20, 2008
Top management priority is “to restore profitability in our television and game businesses.''
Stringer made the comment at Sony's annual shareholder meeting in Tokyo yesterday.
Last month, Sony predicted its games division is set to its first annual profit in three years after reducing the cost of manufacturing PlayStation 3s.
According to Bloomberg, the PlayStation division lost $3.4 billion in the past two years under Stringer.
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