Sony Corp. said on Thursday that it is cutting the PlayStation 4 prices in the US and Canada. The move has been taken to further push the sales of the popular videogame console. From Friday onwards, PlayStation 4 will be available for $349.99 in the US and C$429.99 in Canada. Presently they are sold for $399.99 and C$449.99, respectively.
A spokesman at Sony Computer Entertainment Inc., the group’s videogame arm, said that the aim of cutting the prices at this time is to fuel momentum of PlayStation 4 toward the end of the year and holiday season.
The company has taken the move after it slashed the price of console in Japan by over 10% in the beginning of this month. The spokesman said that the company has nothing to say regarding its plan for Europe.
Sony has outlined plans to raise almost Y440bn ($3.6bn) via a public share issuance, as the Japanese electronics and entertainment group revs up its growth engine following years of restructuring.
Proceeds from the sale of early three-quarters from new shares and the rest via convertible bonds will be used to boost capacity to meet growing demand for its image sensors, which are used in Apple’s iPhones and other smartphones.
Shares of the company fell 8.3% on Tuesday, knocking $3bn off the company’s market capitalization. The planned share offering is expected to dilute existing shareholders by 9.8 per cent, combined with the convertible bonds.
Sony's promised X900C and X910C TVs are scheduled to arrive in July.
The lone X910C model, a 75-incher will launch for $5,499. Both run on the Android TV platform. All of these units pack Android TV, Triluminos displays and an X1 processor will make the most of 4K video.
Sony is going to introduce its wafer-thin, Android-powered 4K TVs in July. The X910C measures at a mammoth 75 inches and will be available later this summer for $5,500. The X900C is coming in two smaller but still pretty big sizes. The 55-inch model costs $2,500, while the 65-inch model is of $4,000.
The Android platform for X910C and X910C will provide built-in access to the standard suite of streaming apps like Netflix, Amazon Instant Video, YouTube, Hulu, and Sling TV.
Japanese consumer electronics maker Sony Corp said that it has predicted annual profit below the estimates of analysts. It is expected that operating income will increase more than fourfold to 320 billion yen in the year started April 1.
Chief Executive Officer Kazuo Hirai aims at decreasing costs and concentrating on profitability of the electronics major. The forecast for present year involves 35 billion yen in restructuring charges. Sony shares dropped 1.3% to 3,645 yen in Tokyo before the earnings were announced. The stock has rose 47% this year compared to 13% gain for the benchmark Topix index.
In 2014, hackers broke into Sony Pictures computer system and stole years of company emails and private files. The hacker group was Guardians of Peace. Now, the non-profit, journalistic organization WikiLeaks made over 30,000 documents from the Sony pictures hack public.
According to reports, the documents have been put online in a searchable database. The reports further stated that the documents include more than 173,132 emails from more than 2,000 Sony Pictures email addresses.
In a statement, WikiLeaks wrote, "However, the Sony Archives show that behind the scenes this is an influential corporation, with ties to the White House, with ability to impact laws and policies, and with connections to the US military-industrial complex".
Japanese multinational conglomerate company Sony Corporation has agreed to sell half of its stake in Japan-based Olympus Corporation to fund strategic investments. The company headquartered in K? nan Minato, Tokyo has made the decision about two year after both companies formed a medical-device venture.
On Wednesday, the electronics maker released a statement where it said that Sony has entered a deal to sell the shares to global financial services firm JPMorgan Chase & Co. The move has reduced its Olympus holding to approximately 5%. In a separate statement which has been released on Thursday, Sony said that the stock sold for about 71.8 billion yen.
On Tuesday, Sony announced that the company's net profit for the third quarter of 2014 was more than three times compared to net profit for the same period, a year earlier. The company also said that it was on course to experience annual loss.
According to the company, the improvement is due to weak yen, increased sales of the company's smartphones, strong demand for image sensors for cameras and robust PlayStation console businesses. Sony further stated, "It was primarily related to Sony's exit from the PC business, and a decrease in sales in the Pictures segment, mainly due to lower Motion Pictures and Television Productions sales."
Los Angeles - Amy Pascal is stepping down as co-chairman of Sony Pictures Entertainment following the hacking crisis at the studio that saw the leak of several private emails.
Pascal's exit from the post was widely expected in the aftermath of the scandal that saw the studio facing a disabling cyberattack which was done to protest the release of 'The Interview', which mocks North Korean leader Kim Jong Un.
She was the obvious target of the hackers, who leaked several embarrassing conversations between Pascal and producer Scott Rudin where they discussed President Barack Obama's assumed interest in movies starring black actors and made some unflattering comments about Angelina Jolie.
Washington, Jan 06 : Sony has unveiled its Android powered Walkman ZX2 with high resolution audio playback, priced at 1,200 dollars.
According to Mashable, the walkman supports Wi-Fi, Bluetooth, and is NFC-enabled, said the company.
The walkman looks like a differently shaped smartphone rather than a music player.
The feature of the Android powered device includes a touchscreen and runs 4.2 jellybean version of Android operating system.
The Walkman also supports Android apps that can be downloaded from its Play Store.
The S-Master HX processor in the Walkman enables the high resolution audio. (ANI)
Washington, Dec 29 - Sony's ' The Interview' has raked-in over 15 million dollars from online purchases and rentals alone in the US and Canada beating the business of their limited theatres releases.
The studio has also announced that the film has already been rented or purchased over 2 million times, the Verge reported.
Sources said that that the vast majority of the film's sales came through YouTube and Google Play Movies. The film was also available on Xbox Video and a dedicated Sony website, and Apple's iTunes Store.
In a statement, the studio notes that in the four days since its release, the film already "ranks as Sony Pictures number 1 online film of all time." (ANI)
London, Dec 26 - Xbox and PlayStation online services have crashed due to technical glitches after allegedly being attacked by a hacking group.
The companies that make the game consoles, Microsoft and Sony, said that they are aware of the issues that are affecting their online services, reported BBC.
A hacking group called Lizard Squad has claimed that they caused the problems.
However, neither Sony nor Microsoft commented on the hack ing group's claim but said that they were working towards fixing the problem.
There was a message on Xbox's website and PlayStation's official Twitter account that they are working to get the glitches "figure out the right away". (ANI)
Washington, Dec 23 : Sony Pictures Entertainment has threatened to sue Twitter unless it bans user accounts linking to information stolen from its servers by the group that hacked its computer network.
Sony lawyer David Boies sent a letter to Twitter's general counsel VIjaya Gadde threatening legal action, saying that the company would "hold Twitter responsible for any damage or loss arising" from the use or continued dissemination of the stolen information, The Verge reported.
Washington, Nov 01 : Sony's mobile unit reported a net loss of 1.2 billion dollars during its fiscal second quarter as its mobile business took a hit.
According to CNET, Sony overall generated 17.4 billion dollars in revenue during its fiscal second quarter, which ended September 30.
The total revenue saw an increase of up to 7.2 percent as compared with the same period last year, which is attributed to the popularity of the company's PlayStation 4.
However, the company's mobile unit reported a quarterly operating loss of 1.6 billion dollars on 2.8 billion dollars in revenue.
Washington, Sep 21 : While it released the software development kit for its SmartEyeglass on Friday, Sony has reportedly promised to make its gear available for purchase by the end of March.
The SmartEyeglass, which Sony first showed off at CES 2014, is being touted as a rival to Google Glass. While it aims to be as versatile as Google's gear, it is expected to outdo Glass in some respects, reported The Verge.
Washington, May 27 : Sony has reportedly revealed plans to sell Playstation 4 Console in China.
However, the company would not be the only one to sell its next-generation gaming console in China. Microsoft had earlier disclosed information of selling its Xbox One in China as well.
According to Cnet, the launch announcement shares a similar modus operandi, a joint venture partnership with a local company to distribute the console, as well as management of the online services and software retail.
Washington, Apr 22 : Sony has reportedly launched its new 'water-proof' tablet called the 'Z2', in the US, which is now available for pre-order on its website.
The tablet will be available in stores on May 4.
According to Tech Crunch, the Z2 packs an impressive 10.1 inch display, sports a 8MP camera, front-facing speakers and 3GB of RAM paired with a Qualcomm Snapdragon 801 SoC (System On Chip) running at 2.3 GHz.
The new addition is thinner and faster than the last year released, Z1 and is being seen as Sony's attempt to stabilize the crumbling brand.
Washington, Apr 17 : Sony's PlayStation 4 console has reportedly hit another milestone passing the 7 million units sold worldwide nearly a month after the company announced that it had sold 6 million units.
PlayStation 4 has reportedly been racking up sales steadily since its November launch, as it has reached 7 million units mark sold globally as of April 6.
Tokyo, Feb 7 - Japanese electronics giant Sony Corporation said Thursday it would cut 5,000 jobs as part of a plan to sell its money-losing personal computer unit and split off the television business.
Some 1,500 workers in Japan and about 3,500 employees in other countries will be affected by the job cuts, the Tokyo-based company said.
Global rating agency, Moody's Investors Service has downgraded the shares of Japanese electronics giant, Sony to speculative Ba1, or junk status.
Investors and analysts have remained calm even after the latest downgrade of the company. The rating means that the shares of the company are not advised for investment and this might affect a mass withdrawal by investors. A Sony representative said that the company is not facing any issues relating to cash flow and the company will provide knowledge as per the situation.
London, Jan 23 : A new version of classic computer game babe Lara Croft's latest adventure is set to be launched on "next gen" consoles.
The makers are hoping to take Croft to a whole new level on the Xbox One and PS4 .
Tomb Raider Definitive Edition will be out at the end of the month, the Daily Star reported.
The new version boasts of a fluid 30 frames-per-second animation and never-before-seen detail.