Sony is a well-known company around the world and the company pushes out a lot of hardware devices but there are a few that have outdone the rest. While keeping the company products it is no surprise that camera sales have gone down over the past couple of years. Sony CEO Kenichiro Yoshida has taken charge of the company and will be revealing a 3-year plan regarding the future of the company and how it is going to grow.
The main focus of the plan will the around the fact that Sony is going to be moving away from gadgets and hardware and will be focusing more on gaming subscriptions and entertainment. Sony has managed to sell more than just a few million consoles. According to David Dai, an analyst at Sanford C. Bernstein & Co. in Hong Kong:
“Yoshida is clearly sending a signal that recurring revenue from the content business, software, services, and subscription segments are important. That’s what is going to drive growth and also sustain growth.”
Yoshida was previously the CFO of the company and it will be interesting to see how he plans to turn things around for Sony. It is worth noting that the PS4 is at the end of its life cycle and depending on the subscriptions based on the console could be a big gamble indeed. The PS5 is rumored to be coming out in 2019 or 2020 but that is something that we know very little about. I hope that Sony CEO Kenichiro Yoshida knows what he is doing.
According to SMBC Nikko Securities Inc. analyst Ryosuke Katsura:
“Sony is proving that it can evolve with the landscape … with a shift from a hardware-to content-driven profit model. The real key is whether it provides investors with a clear road map.”
Sony has held its own over the years with the number of PS4 consoles sold. We will find out soon enough what plans are being made to make sure the same is true for the future as well.
Let us know changes what you think Sony CEO Kenichiro Yoshida is going to implement in his 3-year plan to help Sony grow again.