According to the new Chief Executive Officer of Sony, Kazuo Hirai, the company is planning to shut down some of the under-performing businesses in order to overturn the loss making company.

The Japanese electronics giant is expected to suffer a larger than expected loss of about $2.9 billion and this will make it difficult for the new CEO to turn around the company. Sony posted a $2.1 billion net loss for October-December as it continued to suffer against rivals including US-based Apple and South Korean firm, Samsung.

Japanese electronics major, Sony is panning to release the Android 4.0 update for its Tablet S, Tablet P and Xperia line of smartphones in spring, according to a report.

The two tablets are running Ice Cream Sandwich and are being tested for the new version of the tablet. Sony has not announced a release data for the update yet but it plans to add unique aspects to both the tablets over the Ice Cream Sandwich platform.

The Verge cited sources to say that the two tablets are currently being tested with the new version of Android. Sony tablets are already unique and different from other tablets in the market.

Japanese consumer electronics major, Sony has reduced the price of its Tablet S by $100, indicating a new trend of price falls in the industry.

The 16GB version of the tablet will cost $399.99 compared to about $500 earlier while the 32GB model will come for $499.99 compared to a hundred dollars higher. The company has is also offering some great free content for the customers.

The buyers purchasing at the reduced prices will get ten free PlayStation Classic games, a 180 day subscription to the Music Unlimited streaming service, five free movie rentals as well as an $8 voucher to buy more content.

Japanese electronics major, Sony has said that it will sell its stake in the joint venture with Samsung Electronics that produces flat-panel screen in order to reduce losses.

Several players are in the industry are looking to reduce costs and are looking at outsourcing production. Sony announced that it will sell of about 50 percent in the joint venture, S-LCD to Samsung for 1.08 trillion won, or $935 million.

Japanese electronics major, Sony has suspended 93,000 accounts on its PlayStation Network and other online entertainment services after it detected a large number of unauthorized attempts on the networks.

The Tokyo had quartered company had to temporarily lock about 93,000 accounts whose IDs and passwords were successfully verified by the hackers. The company has already sent email notifications and password reset procedures to the affected users PlayStation Network, Sony Entertainment Network and Sony Online Entertainment services.

Japanese electronics major, Sony has announced that it will put its PlayStation Network off the internet to carry out maintenance between 5PM and 9PM of British Standard Time.

The announcements follows unscheduled maintenance last week and again on Monday. Besides PlayStation Store, the Account Registration and Account Management will be unavailable during maintenance hours.

Japanese electronics giant, Sony has asked the users of its PlayStation Network (PSN) to agree to the new terms and conditions prepared by the company. Sony has also expressed that it will ban the gamers who do not agree to the amended PSN's terms and conditions.

The users will be asked on their next login to accept the terms and conditions. The company is trying to make users render rights to collectively sue it over future security breaches. Sony faced a major hacking attack earlier this year in which details of 100 million of the PlayStation Network subscribers were breached.

The white color version of Sony's PlayStation 3, which has been available in Japan since last year, will go on sale in the UK by Christmas season.

The new version will be offered exclusive through retailer GameStop in the UK. It will be available with 320GB storage priced at £249.97 in the UK market. The 320GB white PS3 is identical to the black version except for the lighter exterior. The exclusive model will come with a pair of white Dualshock pads.

Imagination Technologies has entered in to a new licensing deal with Sony, allowing the Japanese elctrnoics major access to IP cores from Imagination's PowerVR SGX Series5XT graphics family.

Sony will use these IP cores for components including computers, mobile phones and home entertainment systems. Imagination will receive license fees and royalty revenues based on the shipments of semiconductor products by the company using its IP.

London, Sept 1 : Technology giant Sony has unveiled a head-mounted display that gives wearers a 3D personal theater for videos, music and games.

The HMZ personal 3D viewer is being targetted at people who prefer solitary entertainment rather than sitting in front of a television with family or friends.

Resembling a futuristic visor, the 480 pounds (800 dollars) device is worn like a pair of chunky goggles and earphones in one.

EA Labels president, Mr. Frank Gibeau has said that he believes that Sony's PS Vita gaming console has better chances of succeeding than rival Nintendo's 3DS mainly due to the launch titles associated with the products.

He said that Vita is better positioned because it has a stronger list of accompanying titles at launch. He said PSP devices have reached larger audience in Europe when compared to the North America and it has a good chance of succeeding.

Japanese electronics major, Sony ahs launched the first digital binoculars in the world, which are capable of recording Full HD videos and take pictures.

The new DEV-3 and DEV-5 models are capable of recording video in AVCHD 2.0 format. The devices can also have stereo sound for added effects and record videos in a 3D mode that can be viewed on a 3D HDTV.

Japanese electronics major, Sony has said that it will organize the PlayStation Access roadshow, in Birmingham and London over the next month.

The company will offer chance to the UK gamers to try play Resistance 3, Journey, Ico and Shadow of the Colossus HD, LittleBigPlanet Move Edition, DanceStar Party, Medieval Moves and After Hours Athletes.

Japanese electronics major, Sony has announced the launch of light weight VAIO Z series laptops, which were originally announced at the end of June, in the US market.

The new VAIO Z series laptops are claimed to be the "world's lightest 13-inch standard voltage PC" and it has an aluminum/carbon-fiber chassis. The portable device measures just 0.66-inches thick and weighs just 2.5-pounds.

Sony has unveiled its new Vaio Z Series ultra slim laptop in an event in London this week with an impressive docking system to enahcne ts performance and connectivity options.

The new 13.3-inch model weighs less than 1.2kg and is 16.65mm thin, according to the company. Tshi makes it thinner and lighter than rival Apple’s Macbook Air. The model comes with an Sandy Bridge Core i7 chip clocked at
3.4GHz and has 8GB of memory and up to 256GB hard drive storage.

Japanese electronics major, Sony has said on Monday that the website of its Europe has been hacked but no data has been stolen by the attackers.

The company said that unauthorized access to Sony Europe Ltd.'s website for professional broadcasting equipment happened on Saturday. It said that the hacker took customer support contact details from the website, which was already available for everyone to view.

Sony’s PlayStation Store, which has been out of service for about a month following a hacking attack in April, is now online and the users can now access all the services.

Grace Chen, the director of Sony's PlayStation Store wrote that the PlayStation Store has been restored and offered his gratitude to users for patience.

"You will notice a huge lineup of new downloadable games, demos, add-on content, themes, avatars and videos. Also, PlayStation Plus has been updated with new full game trials, free games and DLC, free avatars and even more discounts," she wrote.

Japanese electronics giant, Sony’s already announced Next Generation Portable or NGP might be named ‘PS Vita’ or “PlayStation Vita”, according to some reports circulating around ahead of the upcoming E3 (Electronic Entertainment Expo) 2011 event.

The rumors began from the personal blog of Hugo Miramontes and spread to other sources. It is not known if he posted the content as a joke or he leaked something which he shouldn’t have as he removed the content and published an apology.

Japanese electronics major, Sony has said that it will restore its all PlayStation Network services in the Americas, Europe/PAL territories and Asia - excluding Japan, Hong Kong, and South Korea by this weekend.

The company’s Network Entertainment International division is working to restore all the services for the gamers around the world.

"The company implemented considerable security enhancements to the network infrastructure, as well as conducted testing of the payment process and commerce functions," read an official release from the company.

Japanese electronics giant, Sony’s next generation of its Play Station Portable as ‘PS Vita’ and will be revealed during the E3 (Electronic Entertainment Expo) 2011 event, according to some reports circulating in the media.

The rumors began from the personal blog of Hugo Miramontes and spread to other sources. It is not known if he posted the content as a joke or he leaked something which he shouldn’t have as he removed the content and published an apology.