Sony shares drop 3 pct after turnaround plan
TOKYO (Reuters) - 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)
- Tweet this
- Share this
- Digg this
Micromax, which has become India's No. 2 smartphone brand just five years after selling its first handset - a $30 made-in-China model, is looking to go upmarket and overseas. Full Article
China official says has "substantial" price-fixing evidence against Qualcomm - media. Full Article