A Sony Corp. PlayStation 4 video game console is displayed inside a GameStop Corp. store in Louisville, Kentucky, U.S., on Thursday, March 15, 2018. GameStop Corp. is scheduled to release earnings figures on March 28. Photographer: Luke Sharrett/Bloomberg
Sony Corp is done working for peanuts in the hardware business.
Kenichiro Yoshida, who took over as chief executive officer in April, is set to unveil a three-year plan on May 22 that embraces Sony’s growing reliance on income from gaming subscriptions and entertainment. The transition is already happening: even though the company sold fewer hardware products such as televisions, digital cameras, smartphones and PlayStation consoles in the year through March, it was able to post record operating profit.
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