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The early days of Sony. Corporation of America. Sony's decision to shift focus from the domestic to the international market took seed during Morita's 1953 visit to Philips. "Holland resembles Japan in many ways. If a company like Philips can succeed in the international market, there's no reason why Totsuko can't," he thought.
Sep 16, 2020 · TOKYO and NEW YORK, Sept. 16, 2020 /PRNewswire/ -- Sony Corporation (NYSE: SNE) (hereafter "Sony" or "the company") this week celebrates its 50 th anniversary of becoming the first Japanese company to be listed on the New York Stock Exchange (hereafter "NYSE") on September 17th, 1970. The NYSE listing marked the beginning for Sony as a global ...
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Sony Corporation of America ("Sony America") is one of almost 1,000 subsidiaries of Sony Corporation ("Sony"), a Japanese corporation that is a world-renowned manufacturer of consumer electronics products. Founded just after World War II by a former officer in the Japanese navy and a Japanese defense contractor, within a decade the company had open...
In 1996 Sony's overall sales in Japan increased by 24.9 percent, in the United Statesby 9.4 percent, in Europe by 16.4 percent, and in other regions by 8.6 percent, with expanded sales in Asia. Sales within Japan accounted for 30 percent of Sony's total sales, with sales in other countries accounting for the remaining 70 percent. Sony posted record...
In 1996, Sony decided to enter the personal computermarket with a machine that blended the features of televisions, stereo systems, and personal computers, offering many features at a relatively high price. With this move, some analysts say that Sony missed the trend towards affordable (less than $1,000) computers, and others point out that Sony de...
Ownership: Sony Corporation of America is one of 988 subsidiaries of Sony Kabushiki Kaisha (Sony Corporation), a publicly owned Japanese company. The parent company is listed on numerous international exchanges, including the New YorkStock Exchange. Ticker symbol:SNE Officers:Howard Stringer, Pres. & CEO; Nick Henny, Exec. VP & CFO; Ted Masaki, Dep...
Sony began in 1946 as Tokyo Tsushin Kogyo (TTK, translated as Tokyo Telecommunications Engineering Corporation), a partnership between Akio Morita, a former officer and weapons researcher in the Japanese Navy, and Masaru Ibuka, a defense contractor. Their first product for the consumer market, a rice cooker, was a failure. The partners wisely decid...
Sony wisely positioned itself as one of the few multinational companies that both manufactured consumer electronics and produced entertainment products such as films, videotapes, and recorded music. It thus was able to produce entertainment products with the aid of technology created in its own research and development facilities. Sony sells its pr...
During Sony's half-century of existence, it has been responsible for numerous groundbreaking electronic inventions. Among them are the first transistor radio in Japan (1955); the first transistor television in the United States (1961); the world's first color home videotape recorder (1966); the Betamax VCR, the first home video-cassette recorder us...
1946:
1. Tokyo Tsushin Kogyo is founded
1955:
1. The company's first radio is developed and called Sony
1958:
1. Tokyo Tsushin becomes Sony Kabushiki Kaisha
In fiscal 1997 Sony marked its fiftieth anniversary with record sales and earnings. Its president, Nobuyuki Idei, and chairman, Norio Ohga, wrote to shareholders in the 1997 annual report about the future direction of the company, including Sony America. Sony hoped to continue building on its unique position as a multinational leader in producing b...
Sony places great emphasis on research and development of new electronic products. In the late 1990s it was working on numerous new inventions, including Plasma Addressed Liquid Crystal (PALC) display technology; "microkernel" computer operating systems; camcorders using Digital Video (DV) format; MiniDisc (MD) audio equipment; optical discs; and D...
Sony Electronics company history timeline. 160 Sony Electronics jobs. 1960. In January 1960, Morita went to New York accompanied by Masayoshi Suzuki, who had joined Sony the year before. After the transfer of $500,000, Sony Corporation of America was established on February 15, 1960.
The New York Times reported that the board of directors of Paramount Global formally initiated negotiations for the potential sale of the company with Sony and Apollo. If the merger occurs, Sony will become as the third-largest movie company globally, following behind NBCUniversal and The Walt Disney Company. Sony would hold a 20.81% share in ...
- February 15, 1960; 63 years ago
- Akio Morita
- 33,234
The company, called CBS/Sony, later became the largest record manufacturer in Japan. In 1970 Sony Overseas established a subsidiary in West Germany to handle sales in that country. After a decade of experience in videotape technology, Sony introduced the U-matic three-quarter-inch video-cassette recorder (VCR) in 1971.
The transistorized radio made its debut in 1955, and in 1957, it put Sony on the global map as a maker of radios. In September 1970 Sony became the first Japanese company listed on the New York Stock Exchange. The listing made Sony a truly international company. It also symbolically affirmed that Sony was now an equal to industry giants such as ...
