TOKYO Shares of Sony Corp (6758.T) dropped more than 3 percent on Friday after new CEO Kazuo Hirai mapped out a revival plan to return the consumer electronics maker to profit and compete better with rivals Apple (AAPL.O) and Samsung Electronics .
Some analysts voiced concern that the revival plan, outlined on Thursday, didn't go far enough, as Sony struggles to emerge from four years of losses and regain the innovative flair of its 1980s glory days.
Sony shares were last down 3 percent at 1,482 yen after dropping to 1,474, their lowest since early February.
(Reporting by Chris Gallagher; Editing by Paul Tait)
Trending On Reuters
Samsung Group's de facto holding company sought another cornerstone as it reconstructs South Korea's biggest conglomerate to smooth the path for management succession, offering more than $8 billion to buy an affiliate with a key stake in flagship firm Samsung Electronics. Full Article
Shake-up in key Samsung assets to cement heir's grip as succession looms Full Article