Sony outlined its new strategy for turning the once huge electronics company around today. In a press release, the company said it would be focusing its energies on three main areas of its business.
One is digital imaging, which includes its cameras and video recorders. Another is the gaming space, which includes its Playstation division. Finally it will put its energies into improving its mobile technology subsidiaries. That includes its Xperia smartphones, its tablet business and its VAIO notebook division.
Even with this change in strategy, Sony says it is still committed to its television division and plans to return that business to profitability. It will also launch new businesses that will include developing new medical technology, electric car batteries and "4K" televisions, which have four times the amount of resolution as todays current HD picture.
Sony also confirmed plans leaked earlier this week that it intends to lay off 10,000 of its employees, or about six percent of its workforce, during its next fiscal year. Sony has said that for its last fiscal year, which just ended on March 31, it expects to take a $6.4 billion loss.
Reuters reports that in a press conference this morning, new Sony CEO Kazuo Hirai said, "I am determined to transform and revive Sony. This is our only chance to change."