Sony posted a $1.4 billion annual profit Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices.
SoundCloud, an online repository of free music and remixes, says it has signed a deal with the last of the major record labels, Sony, as it prepares to launch a new subscription service later this year.
Sony plans to make virtual reality—long the stuff of films cast off into a distant future—mainstream with the October release of PlayStation VR headgear priced at $399.
British pop diva Adele and suave spy James Bond may be unlikely stars in Sony's turnaround, but the firm is betting they are key to a corporate makeover that analysts say still has a long way to go.
Sony on Monday announced it is moving its PlayStation business to Silicon Valley and consolidating its game console offerings under one roof.
SoundCloud, a streaming music platform that has become home to garage bands and other artists who don't mind releasing tracks online for free, said Wednesday that it had reached a licensing deal with Universal Music Group.
Sony on Wednesday announced that PlayStation 4 video game consoles have sold at a furious pace, topping 30 million units worldwide.
Sony announced this week that it will stop selling Betamax cassettes from March 2016. It was a format that appeared not to succeed as Sony had desired.
Sony announced on Tuesday the company will stop making Betamax video tapes, ending the storied four-decade history of the product that had been ousted years ago by the more popular VHS format.
Sony Corp. returned to profit last quarter in a sign its marathon restructuring effort is beginning to produce results.