Asian Stocks: Can Sony Come Back as Market Leader?
“BE MOVED” slogan based Sony is Japanese multinational group and same was established in 1946 and currently enjoying significant business share across the world. Its head office is situated in Tokyo, capital of Japan and currently it has more than 125,000 employees who are offering services, skills and expertise in multiple areas.
Commonly it is perceived across the globe owing to electronic products only and same is quite right to large extent but in addition to these it also offers other services like financial, banking, insurance, credit finance and marketing of consumer products and services. Products which are offered by Sony are of varied types like consumer electronics, semiconductors and telecommunications equipment along with computer hardware. Sony earned revenue of 8.1 trillion Japanese Yen in 2016.
Sony is also among those market leaders which manufactures televisions but it does not lag behind other corporate multinationals like Samsung, TCL and LG. Various storage and recording devices which are associated with Sony since its inception owing to technological advancements include Betamax videocassette recording, Walkman,Digital Compact Cassette,DVD-Audio, Compact Disc, floppy disks, flash memory and digital theatre System.
Since business of Sony is expanded across the globe with valued customers so there is comprehensive list of its shareholders and subsidiaries but most prominent of these are State Street Corporation, The Master Trust Bank of Japan, Ltd, Citigroup Inc., Sony Global Solutions Inc., Sony Pictures Entertainment Japan Inc., Sony Bank Inc., Olympus Corporation, Sony of Canada Ltd, Sony Korea Corporation, Sony Australia Ltd, Sony New Zealand Ltd.
As regard to subsidiaries and affiliates according to business segments in film and television production and distribution Sony offers Triumph Films, Screen Gems, Sony Pictures Animation, Sony Wonder, Sony Picture Image work. In music business, video and online games there include Sony Master Works, Sony Music Latin, Syco Music, Sucker Punch Productions, Naughty Dog, Poly Phony Digital and Guerilla Games.
Besides business activities Sony is also engaged in various projects which focus upon social welfare like Sony Foundation for Education, Sony Foundation Australia Trustee Ltd which conclusively is a proven evidence for its commitment towards social service and betterment of humanity.