Sony shares drop 3 pct after turnaround plan

TOKYO Fri Apr 13, 2012 6:04am IST

Sony Corp's logo is pictured at the company headquarters in Tokyo April 12, 2012. REUTERS/Yuriko Nakao

Sony Corp's logo is pictured at the company headquarters in Tokyo April 12, 2012.

Credit: Reuters/Yuriko Nakao

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Tech Results

Reuters Showcase

Data Breach

Data Breach

Staples says investigating possible payment card data breach.  Full Article 

Cyber Attack

Cyber Attack

China-backed hackers may have infiltrated Apple's iCloud - blog.  Full Article 

Fat Paycheck

Fat Paycheck

New Microsoft CEO Nadella's pay tops $80 mln with big stock awards.  Full Article 

Court Case

Court Case

Facebook sues lawyers for pursuing dubious Ceglia lawsuit.  Full Article 

Card Data

Card Data

Staples says investigating possible payment card data breach.  Full Article 

e-book Pricing

e-book Pricing

Amazon says strikes deal with Simon & Schuster on e-book prices.  Full Article 

Reuters Interview

Reuters Interview

Apple, IBM to shed light on apps, alliance next month.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage