As many of you may know, Sony Corporation, also known as Sony, is a Japanese multinational conglomerate corporation. The company engages in the development, design, manufacture, and sale of electronic devices, game consoles, equipment, instruments, and software for industrial, professional’s, and consumer markets. Let’s learn more about the company’s history, products, and net worth.
On 7th May 1946, Akio Morita and Masaru Ibuka started an electronics shop, that we now know as a multinational conglomerate corporation, and named it Tokyo Tsushin Kogyo. The shop was located in a department store building in Tokyo and it started during World War II. Japan’s first tape recorder was built by this company, and it was named Type-G.
12 years after the release of this product, in 1958, Tokyo Tsushin Kogyo was renamed to Sony. In 1955, they released the TR-55 transistor radio. The company’s products were known for their impeccable quality, style, and being portable. All that led to their popularity. Teenagers were craving to buy Sony products. Sony’s most valuable products were the Walkman. It gave us a revolutional way of hearing music, which is while walking or traveling around. Their other famous products were gaming consoles and PlayStations. Having a platform to play their favorite video games on, that really bought teenagers.
The company nowadays has several departments under it, including Electronics, financial services, and entertainment sectors. Electronics also have few departments under them, like television, cameras, Playstations and gaming consoles, computers, Walkmans, semiconductors, and healthcare sector technology. Life insurance and contactless mobile payments are departments of financial services, while Sony motion pictures and Sony music entertainment are part of Sony’s entertainment sector.
The company has always tried to combine the good quality of a product with innovation that will affect the consumer’s experience. Sony is also working on raising awareness of their consumers when it comes to saving forests and endangered species, and also helping the less fortunate. Those include Forest Conservation in Sumatra and a Science Program for education among the less fortunate. Their Corporate Social Responsibility program helps them with those goals.
Awards And Achievements
Sony Corporation has won numerous awards so far, including Good Design Award, iF Design Award, National Commendation for Invention, Red Dot Award, while an award of Rep of the Year has been given to the company several times.
When it comes to the Top Regarded Companies, Sony ranks 23, while it ranks 96 when it comes to the sales. If we talk about assets, Sony holds the 193rd position.
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Sony Corporation’s net worth is estimated at up to $45 billion, while its sales are worth about $70 billion. Their game and network services are the ones that provide the company with the biggest earnings. Thanks to the company’s products and innovations, it is safe to say that its net worth is expected to grow with years to come. Like any other company, Sony has had its ups and downs. It plans on introducing Artificial Intelligence and Robotics into their processing and final goods. Sony is one of the top 10 companies when it comes to electronics, and it is believed that it will stay that way.