TOKYO: Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13%-17% for the year to end-March 2015, but said there were “encouraging” signs of a revival in its electronics business.
CEO Kazuo Hirai told a press briefing yesterday that Sony would assess a proposal from its biggest shareholder, billionaire Daniel Loeb’s Third Point LLC hedge fund, that the group should sell up to a fifth of its music and movies business, which includes artists such as Adele and hit franchises like Spider-Man.
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