|Legal Name:||Sony Corporation|
|Headquarters Regions:||Minato City, Tokyo, Japan|
|Founded Date:||7 May 1946|
|Founders:||Akio Morita, Masaru Ibuka|
|Number of Employees:||120000+|
|Area served:||United States of America and world|
|Products of Company:||multinational conglomerate corporation|
|Net Worth in 2023:||$95 billion|
Sony is a popular Japanese multinational conglomerate corporation. Its headquarters are located in Sony City, Minato, Tokyo, Japan, and Kenichiro Yoshida is the current CEO. Sony has various subsidiaries and most of them are immensely profitable. Sony is a name that needs no introduction they produce movies, make video games, consoles, TVs, and whatnot. In fact, it is the world’s largest manufacturers of consumer and professional electronic products. They also hold the distinction of being the largest video game console company and the second-largest video game publisher.
Well, how well do you know about Sony? If not much, we have compiled all you need to know about Sony’s net worth in 2023, wiki and complete details. Well, if you’re all set, here is what we know about Sony to date.
Tokyo Tsushin Kogyo K.K. (Tokyo Telecommunications Engineering Corporation) was founded on the 7th of May 1946 in Nihonbashi, Tokyo, Japan by Masaru Ibuka and Akio Morita. The company holds the distinct achievement of creating Japan’s first tape recorder, Type-G. In 1957, the name of Tokyo Tsushin was replaced with Sony. The first product that appeared with the branding of Sony was the TR-55 transistor radio. In 1957, Sony released TR-63 radio, which was a massive success in the U.S. and it opened a new market for the company.
In 1971, Akiro Morita became the President of the company. Due to a global recession in the 1980s, almost every single company was hurt and Sony was no different. The sale of their electronic products declined and as a result, the company was forced to reduce its prices. In 1982, Norio Ohga became the President of the company. One of his most vital contributions to the company was that he encouraged the development of Compact Disc and PlayStation.
Norio is also well remembered for Sony’s purchase of CBS Records in 1988 and Columbia Pictures in 1989, thereby expanding their presence in the entertainment sector. Akiro’s fantastic leadership helped the company to enter new businesses. In 2005, Howard Stringer became the CEO of the company. Howard did some great work for Sony’s media businesses including blockbusters such as Spider-Man.
The company faced struggles consistently in the period between the mid-to-late-2000s. In 2012, Kazuo Hirai became the president and CEO of the company. He focused on three key areas for Sony’s electronics business, including imaging technology, gaming, and mobile technology. In 2014, Sony sold its Vaio PC division and turned its TV division into its own corporation.
In the same year, they also formed two joint ventures with Shanghai Oriental Pearl Group. This was done to manufacture and market Sony’s PlayStation games consoles and related software in China. In 2019, Sony merged its Mobile, TV, and Camera businesses.
Awards & Achievements
- Sony was the winner of the Director General, Industrial Science and Technology Policy and Environment Bureau, Ministry of Economy, Trade and Industry Award for Packing of a small mobile PC (VAIO Type P) by Japan Packaging Institute in 2009.
- Sony was the winner of the Sustainable Energy Europe Award for its voluntary commitment to energy efficiency by the European Commission in 2007.
- Sony was the winner of the Award for family-friendly corporations on FY 2005, Ministry of Health, Labour and Welfare Award (Japan) for Support for employees raising children and caring for family members by Ministry of Health, Labour and Welfare in 2005.
Net Worth & Earnings of Sony in 2023
As of 2023, Sony has garnered a net worth of $95 Billion. Also, the company’s net income in 2019 was $5.4 Billion. While the company’s presence can be felt in multiple sectors it is the company’s gaming and network services that bring Sony, the highest earnings.
Sony has been an amazing company and not just in terms of the quality of its products but also in terms of taking care of its employees and the environment. With that being said, we wish the company the best of luck in all its future endeavors and hope they continue to improve the lives of the people with new products and technologies.