Sony place emphasis on gaming after loss

Following reports of Sony’s financial troubles, CEO Kaz Hirai has revealed the turnaround plan for the company, where gaming will be one of the main focuses.

Sony has said that the company’s loss accumulates at around $6.4 billion for the current financial year, while shares in the company fell by 7% prior to Hirai’s briefing.

The sad side of a company’s financial sliding is always the result of jobs being lost, and Sony is expecting to lose over 10,000 employees.

As business goes, the electronic giant has to move forward with operations in order to rectify the shortcomings of the last financial year.

“Sony is positioning digital imaging, game and mobile as the three main focus areas of its electronics business and plans to concentrate investment and technology development resources in these areas,” it said in a company statement.

“Sony will target game business sales of one trillion yen and operating income margin of 8% by FY14.”

The platform holder has also pledged to increase its digital output, with both PSN titles and “subscription services” on the agenda.

“The company aims to increase sales by enriching its catalogue of downloadable game titles and subscription services available through the PSN platform, and also by expanding the line-up of PlayStation Suite compatible devices and content.”