Sony, also known as Sony Corporation is a Japanese conglomerate of electronics, gaming, and entertainment. It has been in this industry for over 70 years now, starting off in 1946 in May. It currently has over 13,800 employees working under the brand and is constantly bringing in new products to suit the needs of the customers of today. Here is a quick summary of Sony’s net worth in 2018.
History & Wiki
Sony was founded by Akio Morita and Masaru Ibuka on 7th of May, 1946. It started during the second world war but back then it was just an electronics shop and was called Tokyo Tsushin Kogyo. It was renamed as Sony in 1958, 12 years after they released their first product – Type G and the TR-55 transistor radio in 1955.
Sometimes in these two decades, the reach of Sony products increased and teenagers were all eager to buy the Sony products which were of impeccable quality as it was not only stylish but also portable.
Later, Sony also began a life insurance company. They further brought in their most valuable product – the Walkman. It completely revolutionized the way people heard music, i.e., while walking and traveling around. Their gaming consoles and playstations were also a big hit among teenagers as they gave them a platform to play their favorite video games on.
Sony Corporation is a conglomerate and therefore has several departments under it. These include Electronics, under which come the televisions, cameras, Walkmans, Playstations and gaming consoles, computers, semiconductors, and healthcare sector technology. It also has financial services which include life insurance and contact-less mobile payments, which uses chips for its processing. Its entertainment sector includes Sony motion pictures and Sony music entertainment.
Sony aims to bring maximum customer satisfaction by bringing in products that inspire its users and fulfils all their curiosity. Their mission is to provide entertainment to every single person by creating not just excellent products but also experiences with their innovations.
As a part of their Corporate Social Responsibility programme, they conduct campaigns by making more people aware about Sustainable Development Goals, a project for Forest Conservation in Sumatra and a Science Program for education among the less fortunate.
Sony is thus almost a Jack of all Trades and has almost taken over the technology industry with its products and services offered.
Awards & Achievements
Sony ranks 23 among the Top Regarded Companies and has secured the 96th position among sales and 193rd position when it comes to assets. Sony has been awarded as Rep of the Year several times and has also excelled continuously when it comes to its sales. In 2017 itself, Sony won Good Design Award, Red Dot Award, iF Design Award and National Commendation for Invention, which is Japan’s invention and Innovation prize.
Net Worth of Sony
Sony currently has an estimated net worth of $45 billion. Its revenues come from its wide range of products such as gaming consoles, PCs, televisions, laptops, walkmans, digital cameras, semiconductors, imaging products, and solutions and many others. It has sales worth $70 Billion and the largest share come from game and network services while the lowest currently comes from semiconductors and other such components.
Sony is a very old company and seeing their products, policies, and management, it is safe to say that it is here to stay for a very long time. Like any other company, it has had its ups and downs, but it has managed to have their significant market share. It is collaborating with musicians to give the world a whole new experience and will soon be introducing Artificial Intelligence and Robotics into their processing and final goods. If they go on progressing at this rate, they would certainly remain in the top 10 in electronics and entertainment for an indefinitely long time.