UPDATE (2/08/15)
The year is 2015 and a clear picture is starting to form with Kaz' unified strategy for Sony Computer Entertainment. Stock prices are soaring, sales records are broken (1)(2)(3) and bankruptcy is becoming an ill-forgotten term associated with the tech giant.
We've learned
- PSVue plans to shake up the monopoly set forth by major Cable/Dish companies.
- PSNow introduces Subscription service
- SOE is now defunct, renamed DayBreak Game Company
- New Spotify music service coming to PS platforms
- Playstation Network to become hub of Sony entertainment services
- Sales exceeding initial projections
So the overall outlook for the company looks brighter each day despite certain setbacks. I ask once more.... is this not one of the greatest corporate success stories in recent times?
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Original Post:
Could the success of the Playstation division breed new confidence into the remaining Sony branches? I'm thuroughly impressed so far by the moves Kaz has made to keep Sony away from bankruptcy. There was an article floating around recently stating how there was an ~80% chance of the company going bankrupt within two years.
This was but 10 months ago. The very source this link cites, now states that the probability of Sonys bankruptcy within the next two years has dropped down to a massive 45%, nearly cutting the previous estimate in half, in 10 meager months.
I think Kaz has done an absolutely superb job in his new role and is making all the right decisions, bringing back a company that was a shell of its former stature. This has to be one of the greatest succuess stories in the making within the last decade at least.
Anyone else feel the same?
Oh and to nip this in the butt before the comments appear, yes Sony is not forecasting any profit this fiscal year, but this is simply because there's been a lot of money invested into R&D as part of a strategy to remain competitive in the future. "Scared money don't make money" and much in the same way the government invested money into America to spur the economy, Kaz has been doing the same in addition to trimming off fat and letting the company be faster reacting and more agile than in previous years.
On one last note, I have been an investor in Sony stock before. They hit their all time low in late 2012 when shares fell to roughly ~$9.80 but have since then peaked at ~$22 and stabilized at about ~$17.50 (although currently sitting around $19 per share). I believe they'll see explosive growth in the relative future and have been highly considering reinvesting in them again as last time I was able to double my money. So, yes, I'm a little bit biased... but I'm happy to see them turning their luck around since I've enjoyed their product quality since childhood.
