Resuscitating Sony: Why new CEO Kazuo Hirai has his work cut out for him

Sony has announced that former PlayStation chief Kazuo Hirai will be taking over as both president and CEO of Japanese electronics giant Sony, replacing former CBS executive Howard Stringer as of April 1. Although few industry watchers are surprised to see Hirai advance to the top position at Sony, he is doing so at a time when the once-unstoppable company is facing major challenges and ...

Is the Neo Geo About to Return as a Slick iPhone-Like Device? [VIDEO]

The Neo Geo is said to be making a comeback with a flashy hand-held gaming device resembling an iPhone.

Did Sony really need to swap out CEOs? History says yes

Sony's Howard Stringer will be replaced by Kazuo Hirai on April 1. It's a smart move that has as much to do with Stringer's mistakes as with Hirai's own qualifications.

Sony Serves Up Dual-Screen Tablet, Lots More at CES

Sir Howard Stringer is joined on stage by Men in Black 3 star Will Smith as the Japanese tech giant promises a future in 3D and lots and lots of gadgets.

Why Sony needed to swap out its CEO

Sony's Howard Stringer speaking at IFA in 2011. (Credit: Stephen Shankland/CNET) Sony, having suffered through years of gaffes under CEO Howard Stringer, badly needed some change. That change came today when Sony announced that Kazuo Hirai will become the company's new president and chief executive , effective April 1. Stringer put a good face on the change, saying that his company has been ...

Sony and Panasonic brace for grim earnings season

TOKYO (Reuters) - Sony Corp and rival Panasonic Corp are set to report a slump in quarterly earnings and may cut full-year forecasts after being hit by yen strength, Thai floods and consumer gloom in Europe during the vital pre-Christmas period. Both companies saw their debt ratings downgraded by Moody's Investor Services last week, as their TV divisions continue to bleed red ink despite ...