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Sony — Wikipedia Republished

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Sony

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Group ✓ business ✓ market ✓ company ✓ Entertainment ✓ Sony ✓ Morita ✓ Japanese ✓ Japan ✓ electronics ✓ Sonys ✓ Corporation ✓ music ✓ format ✓ products

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At its peak, it was dubbed as a corporate octopus, for its sprawling ventures from private insurance to chemicals to cosmetics to home shopping to Tokyo-based French food joint, let alone its core businesses such as electronics and entertainment. Despite being a pioneer in the field, Sony had ceased robotics-related operations for 10 years due to financial difficulties, until it decided to revive them in 2016. to establish an aerial surveillance and reconnaissance drone manufacturer named Aerosense. [116] Imaging & Sensing Solutions Sony traces its roots in the semiconductor business back to 1954, when it became the first Japanese company to commercialize the transistor, invented and licensed by Bell Labs, whilst some of the biggest and well-established names in Japan at the time like Toshiba and Mitsubishi Electric initially stuck with vacuum tubes they had been thriving on; despite being an expert on the vacuum tube himself, Ibuka saw potential of the novel technology and had Morita negotiate the terms for licensing, making Sony into one of the earliest and the youngest licensees of the transistor, together with Texas Instruments.

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<p style="display: none;"> <script type="application/ld+json">{ "@context": "https://schema.org", "@type": "Article", "image": { "@type": "ImageObject", "url": "https://www.artikelschreiber.com/images/logo.png", "width": 531, "height": 628 }, "name": "Article", "url": "https://www.artikelschreiber.com/en/", "description": " ... https://www.artikelschreiber.com/en/", "headline": "Sony — Wikipedia Republished", "dateCreated": "2022-01-20T03:01:32+01:00", "datePublished": "2022-01-20T03:01:32+01:00", "dateModified": "2022-01-20T03:01:32+01:00", "articleBody": "Sony is one of the world's largest manufacturers of consumer and professional electronic products and the largest video game console company. It also operates as a major music company (largest music publisher & second largest record label) the third largest film studio and a music publishing company among others. Sony is the largest technology and media conglomerate in Japan. 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It also operates as a major music company (largest music publisher & second largest record label), the third largest film studio, and a music publishing company, among others. Sony is the largest technology and media conglomerate in Japan. At the same period, it is also recognized as the most cash-rich Japanese company, with its net cash reserves of 2 trillion. Sony has a market share of 55% in the image sensor market, the second largest camera manufacturer, and is among the semiconductor sales leaders. Sony was founded by Masaru Ibuka and Akio Morita in Tokyo on 7 May 1946, with a capital of 190,000 and a total of eight employees. The company's slogan is 'We are Sony'. Their former slogans were 'The One and Only' (1979–1982), 'It is a Sony (1981–2005), like. no. other (2005–2009)' and 'Be Moved' (2013). Sony's name derives from the Latin word 'sonus', which is the root of sonic and sound, and the other was 'SONny'. The company occasionally used the acronym 'Totsuko' in Japan, but during his visit to the US, Akio Morita discovered that Americans had trouble pronouncing that name. Another early name that was tried out for a while was "Tokyo Teletech". Sony's founders Akio Morita and Masaru Ibuka considered themselves to be "sonny boys" in 1950s Japan, which meant they were smart and presentable young men, according to a report. The report added that they used the loan word in Japanese to spell their name instead of writing it in kanji. They pushed for a name such as Sony Electronic Industries. Sony Co-founder Akio Morita founded Sony Corporation of America in 1960. He was struck by the mobility of employees between American companies, which was unheard of in Japan at that time. Sony was the first Japanese company to be listed on the New York Stock Exchange. Sony played a major role in the development of Japan as a powerful exporter during the 1960s, 1970s and 1980s. It also helped to significantly improve American perceptions of "made in Japan" products. Sony was able to charge above-market prices for its consumer electronics and resisted lowering prices. Sony Co-founder Masaru Ibuka handed the position of President to his co- founder Akio Morita in 1971. Sony began a life insurance company in 1979, one of its many peripheral businesses. Amid a global recession in the early 1980s, electronics sales dropped and the company was forced to cut prices. Sony's profits fell sharply. Sony's expansion into new businesses was unrewarding and unprofitable, threatening its ability to charge a premium on its products as well as its brand name, according to a report. In 2005, Howard Stringer replaced Nobuyuki Idei as CEO, marking the first time that a foreigner had run a major Japanese electronics firm. Sony CEO Kazuo Hirai has said the company aims to sell off its peripheral business and focus on its electronics business. He added that Sony will also increase cooperation between business units, which he described as "silos", operating in isolation from one another. Sony also introduced a slogan known as 'make. believe' in 2009. Sony's net profit for the financial year ended March 31, 2021, stood at 8,300 crore, a decline of 1. 3% from the previous year. The company'S revenue for this year is expected to rise by 1. 2% to ? 14,300 billion. Sony has reported a net loss for every year since it was founded in 1959 as Sony Computer Entertainment. Sony Corporation has changed its trade name to Sony Group Corporation after it acquired Sony Electronics, Sony Imaging Products & Solutions and Sony Home Entertainment & Sound Products on April 1. Sony Mobile Communications Inc. absorbed the three companies and changed their trade names. Sony Financial Holdings will be converted into a wholly-owned subsidiary through a takeover bid. Sony has created its own in-house standards for new recording and storage technologies, instead of adopting those of other manufacturers and standards bodies. Sony's success in the early years owes to a smooth capitalization on the Compact Cassette standard introduced by Philips, which Sony went on to enjoy a decades-long technological relationship in various areas. Sony's professional-oriented component video format called Betacam, which was derived from Betamax, was used until 2016 when Sony announced it was stopping production of all remaining 1/2-inch video tape recorders and players, including the DigitalBetacam format. Sony launched their Handycam products and the Video8 format in 1985. Sony's Trinitron was the first commercial use of quantum dots in the backlight system of a television. In 2013, Sony released a new line of televisions with an improved version of the technology, which incorporated Quantum Dots. Sony had challenged the industry standard Dolby Digital 5 in 1993. Sony's Blu-ray optical disc format was developed in the 1970s. The format employed eight channels of audio instead of six used in Dolby Digital 5. Sony also contributed it as part of the Android Open Source Project starting from Android 8. However, the decoder library is proprietary, so receiving devices require licenses. The first Blu-ray players became commercially available in 2006. Sony's laser communication devices for small satellites rely on the technologies developed for its optical disc products. Sony introduced 90 mm micro diskettes, better known as 3. 5-inch (89 mm) floppy disks in 1983. Sony had great success and the format became dominant. Sony has discontinued the use of floppy disks in its digital cameras and portable music players. Sony held more than a 70% share of the market when it decided to pull the plug on the format in 2010. Sony launched the Memory Stick format, the flash memory cards for use in Sony lines of digital Cameras and Portable Music Players in 1998. Sony has announced that it plans to implement a new technology in train systems across Asia. The company said that the technology will be used to monitor and control the speed of trains. It added that this will help reduce the time it takes for trains to reach their destination. Sony's Walkman brand has been widely adopted by the company to encompass its portable digital audio and video players as well as a line of former Sony Ericsson mobile phones. In the case of optical disc players, the Discman Brand was used until the late 1990s. Sony continue to develop WalkMAN digitalaudio players. Sony is a major audio products manufacturer and one of the active noise control technology leaders. In 1968, the company introduced the Trinitron brand name for its lines of aperture grille cathode ray tube televisions and afterwards computer monitors. Sony stopped production of TriNItron for most markets, but continued producing sets for markets such as Pakistan, Bangladesh and China. Sony discontinued its series of Trinitron computer monitors in 2005. The end of the series marked the endof Sony's analog television sets and monitors. In 2006, Sony lost its decades-long No. 1 market share in the global television market. The agreement was eventually terminated as Sony parted ways. Sony introduced its first digital camera, the Cyber-shot, in 1996. Sony's market share of digital cameras fell from a high of 20% to 9% by 2005. Sony entered the market for digital single-lens reflex cameras in 2006 when it acquired the camera business of Konica-Minolta. Sony has rebranded its line of cameras as its Alpha line. Sony is the world's third largest manufacturer of the cameras, behind Canon and Nikon respectively. They also started a new lens mount system, which was the E-mount. The company withdrew from the computer business around 1990. Sony has announced that it has acquired Micronics, a developer of microfluidics-based diagnostic tools, for an undisclosed amount. Sony also acquired iCyt Mission Technology in 2012, a manufacturer of flow cytometers, in 2010 and Micronic's parent company in 2011. Sony maintained a 5% stake in the new, independent company as of 2018. Sony and Olympus have established a joint venture to develop new surgical endoscopes with 4K resolution (or higher) and 3D capability. Sony Olympus Medical Solutions (Sony 51%, Olympus 49%) was established on 16 April 2013. On 28 February 2014, Sony, M3 and Illumina set up P5 to provide a genome analysis service for research institutions and enterprises in Japan. Sony Ericsson was a marginal player in the mobile phone market with a share of less than 1% in 2000. In 2001, Sony entered into a joint venture with Swedish telecommunications company Ericsson, formingSony Ericsson Mobile Communications. The company posted losses in 2001 and 2002. However, Sony-Ericsson reached a profit in 2003. Sony Ericsson cut its workforce by several thousand from 2008 to 2010, amid a global recession, according to a report. Sony's market share had fallen to sixth place by 2010, the report added. In 2013, Sony contributed to around two percent of the mobile phone market with 37 million mobile phones sold. Sony has announced the launch of its aerial surveillance and reconnaissance drone manufacturer, Aerosense, in Japan. The company had stopped robotics-related operations for 10 years due to financial difficulties, until it decided to revive them in 2016. Sony had become the first Japanese company to commercialize the transistor, invented and licensed by Bell Labs in 1954. Leo Esaki, a Sony employee, and his colleagues discovered the quantum tunneling effect in solids, for which he received the Nobel Prize in Physics in 1973. Sony has commanded a dominant share in the charge-coupled device market. The line grew out of a failed partnership with Nintendo. In 1991, Sony announced the add-on, as well as a dedicated console known as the "Play Station". Sony's PlayStation 3 has become the most successful console of all time, selling over 150 million units as of 2011. It was the first console to use the Blu-ray format and was considerably more expensive than the competitors Xbox 360 and Wii due to the Cell processor. The format was used for movies, but it has since lost major studio support. Sony has 366 virtual reality patents or patent applications, according to the firm's analysis of nearly 12,000 patents. Sony had purchased the business from Sundstrand Corp in 1989 and subsequently sold it to Rockwell Collins in 2000. Upon completion of the fiscal quarter, Sony sold 4. Sony Pictures Entertainment (SPE) has announced that it will sell its television and film production business, which includes Jeopardy! , Wheel of Fortune, among others, for an enterprise value of $2 billion. The division was acquired by Sony in 1989 for $3. 4 billion and has produced films like 'The Social Network' and 'Spider-Man: Homecoming'. Sony Music Entertainment, the music arm of Japanese conglomerate Sony, has been acquired by Tribune Media Company for an undisclosed amount. Sony bought the rest of the shares in the publishing company in 2018, making it a wholly owned subsidiary. It operates independently of SonyMusic as it is directly owned by Japanese Sony. Sony has announced that it has completed the acquisition of Sony Financial Group, a holding company for Sony's financial services business, for 175 billion yen (over 1,400 crore). The acquisition will help the company to compete more globally with entertainment giants such as Netflix. Sony Life, Sony Assurance and Sony Bank are part of the unit. Sony has said that it is developing technology for the automotive sector, especially concerning autonomous driving, sensors, and in-car entertainment. The company added that its goal is to develop technology that will help in the development of self-driving cars. Sony had sold its lithium-ion battery business to Murata Manufacturing in 2016. Sony is a kabushiki gaisha registered to the Tokyo Stock Exchange in Japan and the New York stock exchange for overseas trading. As of 31 March 2020, the largest shareholders of Sony are as follows: Sony was valued at over $90 billion in July 2020. It was also recognized as the most cash-rich Japanese company, with its net cash reserves of 1. The Financial Times has criticised Sony for its "lack of resilience" and "inability to gauge the economy". Sony had a market capitalisation of $100 billion in September 2000, but by December 2011 it had plunged to $18 billion, reflecting falling prospects for Sony but also reflecting grossly inflated share prices of the 'dot-com bubble' years. Sony's net worth, as measured by stockholder equity, has steadily grown from $17. 9 billion in March 2002 to $35. 6 billion through December 2011. Sony has always traded in over-priced ranges with the exception of the 2009 market bottom. On 9 December 2008, Sony announced that it would be cutting 8,000 jobs and reducing its global manufacturing sites by 10% to save $1. Sony has announced that it will cut 1,000 jobs from its mobile phone unit and increase its marketing expenses by 30% in 2012. Sony will also cut 700 jobs in 2012 and the remaining 300 in the following fiscal year. Sony had revenues of 6. 493 trillion in 2012, the worst since the company was founded. Sony's market capitalisation was valued at about $15 billion in May 2012, according to Bloomberg. In May 2013, Sony announced that it had agreed to a deal with Chetrit Group, a real estate developer, to buy a majority stake in the company for $1 billion. The deal is expected to be completed by the end of the year. Sony was ranked 9th (jointly with Panasonic) in Greenpeace's Guide to Greener Electronics. The chart grades major electronics companies on their environmental work. Sony scored 3. 6/10, incurring a penalty point for comments it has made in opposition to energy efficiency standards in California. Sony has been given a 'D+' grade by Greenpeace in its Guide to Greener Electronics. Sony was given the grade after it was found to be a member of trade associations that have commented against energy efficiency standards. It also risks a further penalty point in future editions for being a trade association member. Sony has said that it has signed on to have about 75% of its Sony Building running on geothermal power. This is the most powerful small biobattery to date, it added. Sony further said it is taking steps to reduce the amount of greenhouse gases it puts out as well as regulating the products it gets from its suppliers. An internal Sony document, obtained by The New York Times, revealed the company's surveillance of environmental activists in an attempt to plan how to counter their movements. It specifically mentioned environmental groups that were trying to pass laws that held electronics-producing companies responsible for the cleanup of the toxic chemicals contained in their merchandise. Sony Music released benefit albums with money raised going to the Sony Foundation after the 2011 Queensland floods and Victorian bushfires. Sony partnered with streetfootballworld and launched the Street Football Stadium Project to support football-based educational programmes in local communities across Latin America and Brazil. More than 25 Street Stadiums were developed since the project's inception. Sony has partnered with streetfootballworld and launched the Street Football Stadium Project to support football-based educational programmes in local communities across Latin America and Brazil. More than 25 Street Stadiums were developed since the project's inception. The project was launched on the occasion of the 2014 World Cup in Brazil, which Sony hosted.
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