HowardStringer
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Sony Chairman Howard Stringer to retire in June
After handing over the CEO reins of Sony to Kaz Hirai last year, current chairman Sir Howard Stringer is set to retire from his post this June at the firm's shareholder meeting, reports the Financial Times. According to the outlet, Stringer mentioned at a Japan Society lecture that the transition will let him pursue "new opportunities I've been presented with lately." Stringer didn't divulge what those opportunities are, but we're sure he'll have more time on his hands to play with a certain game console.
Sony's Q3 earnings are in: wider than expected full year loss, lowered sales projections
Sony already revealed Kazuo Hirai will take over for Howard Stringer as CEO and President April 1st last night, and with the big shocker out of the way it's time for the fiscal Q3 reports. After posting a net loss of $346 million last quarter, Sony is now expecting a bigger loss for 2011 than it had previously estimated, as well as lower sales. It's currently showing a net loss for the quarter of 159 billion yen ($2~ billion), or a $1.2 billion operating loss. Blame is put on a larger than expected effect from the flooding in Thailand, strong yen and weakness in cellphones. Sales for the quarter were about $23 billion, down 17.4 percent from the same quarter last year. The consumer products and services division (HDTVs, PS3s, etc.) in particular caught a brick, with an operating loss of over a billion dollars on sales that dropped 24 percent from last year. It recorded a loss on its sale of shares in the S-LCD venture with Samsung, LCD TVs sold for prices lower than its cost reductions, and the PlayStation 3 had the killer combo of higher marketing costs and lower unit sales. Check the PDF and slides linked below for more bad news. We'll let you know what we hear on the earnings call in a few, but until then, Kaz, may we suggest bringing in Jimmy Rollins for tips on breaking out of a slump?
Sony confirms Kazuo Hirai as new President and CEO, replacing Howard Stringer
Sony has just confirmed Kazuo Hirai as its new CEO and President, validating rumors that have been swirling for a few weeks now. Outgoing CEO Howard Stringer, meanwhile, has been appointed Chairman of Sony's Board of Directors. The Hirai era officially begins April 1st, while Stringer will assume his new role sometime in June (until then, he'll remain executive chairman). Today's announcement, coming a day before Sony's earnings call, brings an end to more than a year's worth of speculation, though Hirai's selection hardly comes as a surprise, considering his recent string of promotions. In April, he was named Executive Deputy President; five months later, he was promoted to Sony Computer Entertainment Chairman. According to Stringer, in fact, Sony has been grooming Hirai since as early as 2009, when the Board began designing its succession plans. Kaz, he says, stood out from the crowd: Kaz is a globally focused executive for whom technology and the cloud are familiar territory, content is highly valued, and digital transformation is second nature. I believe his tough-mindedness and leadership skills will be of great benefit to the company and its customers in the months and years ahead. I look forward to helping Kaz in every way I can so that succession leads inevitably to success. It was my honor to recommend him to the Board for the positions of President and CEO, because he is ready to lead, and the time to make this change is now. Kaz, for his part, acknowledges that Sony is going through some "challenging" times at this juncture, but credits Stringer with steadying the ship, and seems clear-minded about the future. "The path we must take is clear: to drive the growth of our core electronics businesses - primarily digital imaging, smart mobile and game; to turn around the television business; and to accelerate the innovation that enables us to create new business domains," the 51-year-old PSN architect explained. "The foundations are now firmly in place for the new management team and me to fully leverage Sony's diverse electronics product portfolio, in conjunction with our rich entertainment assets and growing array of networked services, to engage with our customers around the world in new and exciting ways." Click past the break for Sony's full press release.
Sony's Kaz Hirai to step up as president as early as April (updated)
Nikkei is reporting that Sony will be promoting current Executive Deputy President Kazuo "Kaz" Hirai to president as soon as April, while Howard Stringer is expected to remain chairman and CEO of the company. As you may recall, Sony started its search for a new president as far back as November 2010, and with Kaz's two promotions last year (to Executive Deputy President in April and to Sony Computer Entertainment Chairman in September), it isn't surprising that he's the chosen one to pick up some of Sir Howard's work. It'll be a while before we see the consequences of this promotion, and anything can happen between now and the board meeting as early as next month to seal the deal; but here's hoping that under Kaz, Sony will go easy on all these new memory card formats while it further unifies its various groups within the corporation. Update: Bloomberg has received a brief statement from Sony clarifying that the board has not yet made a decision on this promotion, which isn't really a denial of the plan considering the final board meeting has yet to take place.
Sony's CEO is ready to launch a four-screen platform 'that can compete with Steve Jobs'
After announcing that it would completely revamp its struggling TV business after yet another quarter of financial setbacks, what's next for Sony? CEO Howard Stringer tells the Wall Street Journal that R&D is focusing on a "different kind of TV set." He didn't specify whether he was talking about the company's efforts with Google TV or any other technology, however he did note the "really well organized" beauty of the iPhone and said that after a five year quest to build a platform that would compete with Steve Jobs, it's finally ready to launch. This all hinges on Sony's ability to pull its four screens (phones, tablets, PCs, TVs) together with network services like Video Unlimited and Music Unlimited (and hopefully make those Qriocity-birthed offerings famous for something other than being a footnote in its hacking scandal). Sony has finally begun to acknowledge its weaknesses in software and providing a uniform user experience, we'll probably find out more about how it plans to turn that around at CES 2012 in January.
Chipworks throws an iPhone 4S under its infrared microscope, finds Sony-sourced image sensor
Look closely. Can you spot it? That gray abyss is actually an infrared image by Chipworks revealing an iPhone 4S' Sony-branded, 8 megapixel CMOS sensor. Looks like Howard Stringer wasn't bluffing to Walt Mossberg back in April, after all. At the time, it was reported that Apple's usual sensor supplier, OmniVision, was experiencing production delays, prompting speculation that Sony would eventually usurp the position. While the iPhone 4S that Chipworks looked into seems to confirm this, it's pointed out that Apple does have a habit of "dual sourcing" components (with its contacts saying this should be no different), so Sony may not be the sole supplier this time around. What ever the case, there's no denying that the iPhone 4S takes some stellar shots. You'll find more information -- including X-rays of the 4S -- at the source link below.
Live from Sony IFA 2011 press event
What better way to kick this year's IFA conference in beautiful Berlin, Germany than a good old fashioned Sony press conference? We're getting ready to get things started here, so sit down, grab a beverage and reach for those 3D glasses to read along at home [note: this liveblog is not in 3D]. Photos by Zach Honig.
Sony's Howard Stringer confirms Honeycomb tablet in US by summer (update)
Ready to taste a sweet Honeycomb tablet with a Sony twist? You'd better be -- Japan's Nikkei is quoting Sony chief executive, Sir Howard Stringer, saying that the company's first Android 3.0 tablet will be on sale by the end of summer. Better yet, it'll pop for retail in the US first, according to the report. This lines up nicely with the reported September launch of a PlayStation Certified Tegra 2 "S1" tablet featuring a 9.4-inch display and unique "wrap" design that we first told you about back in February. Or will it be the S2 clamshell? Who knows, Howard isn't saying. The new tablet tattle was apparently uttered at the same event where Howard spilled the beans about Apple's plan to use Sony sensors. Come on Howie, quit the teasing and just come out with it you saucy Welsh minx. Update: Sony told Japanese site AV Watch that it will release the tablet before the end of this year. It's unclear if the comment relates to the domestic Japanese model or if it's meant to temper expectations after the company's rogue CEO spoke out of turn. Regardless, it's coming.
Sony CEO casually mentions he's supplying cameras to Apple
We were tempted to call it an April Fools' joke, but it seems the story's true: Sony CEO Sir Howard Stringer reportedly let slip that his company is producing cameras for the next batch of iPhones and iPads during a public interview with the Wall Street Journal. Traditionally, Apple's sourced its sensors from OmniVision, including the delightfully backside-illuminated 5 megapixel CMOS unit you'll find in the iPhone 4, but since Sony too has BSI tech and OmniVision has reportedly encountered delays, your next portable Apple product might house a Sony Exmor R sensor like the one we admired on the Xperia Arc. Mind you, that may not end up actually happening, because of the context in which Sir Howard revealed the news -- according to 9 to 5 Mac, he said that the factory producing sensors for Apple was affected by the Japanese tsunami. Oh well.
Sony said to be looking for new President to lighten Sir Howard's load
Sir Howard Stringer is a busy man. Currently holding the Chairman, CEO and President titles at Sony, the man's in charge of one of the vastest empires in the history of vastness, which is probably why the company's now said to be looking for someone to succeed him at one of those posts. Bloomberg's reporting that Sony is having internal discussions about appointing a new President, with Kaz Hirai and Hiroshi Yoshioka identified as the names at the top of the pile. The pair are currently responsible for handling one half each of Sony's broad consumer electronics portfolio and it's notable that the Japanese giant seems to be looking for its next great leader from the hardware side of the business. If this speculation does bear fruit, expect the next President to deputize Stringer in the short-term and to eventually succeed him as top banana when the current ruler decides to hang up his cornflower-blue tie.
CE-Oh no he didn't!: Sony's Sir Howard says 'when you beat Apple, you're dominating'
Sony CEO Sir Howard Stringer has always been delightfully direct, and he didn't hold back at Google's I/O conference: talking about Sony Ericsson with Eric Schmidt during the Google TV launch, Sir Howard noted that the Xperia X10 is the best-selling handset in Japan, and that "when you beat Apple, you're dominating -- it's the new definition." Strong words from a gadget titan -- we'll leave it to you to debate their veracity.
Sony staying conservative with Reader device, aware of current tablet mania
Sony's Sir Howard Stringer played the tease at today's Reader content partnership presser, stating that while Sony could make the device into a multimedia tablet, it would rather wait and see if consumers warm up to current devices. Stringer's watching if people find the form factor "comfortable and helpful" before Sony starts "plowing on a thousand apps" or building a "Vaio Reader." We don't really know how much e-reader acceptance points to the demand for color multimedia tablets, but in regards to the (non-existant, ever-present) Apple Tablet, Stringer says "we're all working on variations of the same thing." Hopefully we'll figure out what exactly he means by that before we grow old and start reading books or something horrible like that.
Sony to debut 3D BRAVIA TVs by end of 2010, also eyeing 3D VAIOs, Blu-ray films, and PS3 games?
The Financial Times has it on good word what the major unveil in Sony chief Sir Howard Stringer's keynote tomorrow at IFA 2009 will, so much so that it's quoting him with phrases he hasn't even said yet. According to the report, the company is making a huge push into the third dimension, with 3D BRAVIA HDTVs hitting the retail channels by the end of 2010. Also on the menu is 3D-compatible PlayStation 3 titles (which we've kind of heard before), VAIO laptops, and Blu-ray movies, but it's unclear from the article if they shares the same 2010 timeline. Polarized glasses will be required for use, but hey, just consider it a fashion statement. We're now very anxious to see how close Sir Stringer sticks to this purported script for tomorrow's big event.
Sony's big plans for OLED HDTVs may slip to next year
Hope you weren't too attached to the idea of "medium to large" sized OLED HDTVs coming from Sony this year, according to the Wall Street Journal's sources, the company's slipping share of TV sales mean profitability takes precedence over sweet, super slim new displays. Surprised by its inability to sell truckloads of $2,500 11-inch versions CEO Howard Stringer decided to put the project on the back burner, apparently more focused on things like competing in Wal-Mart and implementing cheaper LED technology for its LCDs. With LG also on a timetable that puts us a year or more away from seeing one of these on store shelves in decent sizes, things are up to Samsung to bring it home -- we're waiting.
Sony Ericsson selects next president, appoints Howard Stringer chairman of the board
It's out with the old, in with the new over at Sony Ericsson as it tries to revamp both its image and its lineup in the face of stiff competition, weak financials, and an unfocused platform strategy. President Hideki Komiyama (pictured left) intends to retire at the end of the year, and stepping up to fill his shoes will be the current head of Ericsson Silicon Valley, Bert Nordberg (right). To get the dude up to speed, he'll become co-president as of September 1 and take over sole control of the operation on October 15. Speaking of October 15, that's also the date that Sir Howard Stringer -- yes, the one and only chairman and CEO of Sony -- will take over the chairmanship of Sony Ericsson's executive board from outgoing Ericsson CEO Carl-Henric Svanberg. Whether this signals a power shift in the joint venture from Ericsson to Sony is unclear, but they've specifically mentioned in a press conference today to announce the moves that they need to "address [their] smartphone weakness" -- and yes, we'd agree. Do exactly that, Bert Nordberg.
Sony's Stringer dismisses PS3 price-cutting threats by noisy Activision CEO
We can attest that Howard Stringer, CEO of Sony, is a pretty nice guy. But all the PS3 price-cut chatter from industry analysts and gaming execs seems to have the man riled as he tries to keep Sony afloat. Responding directly to Robert Kotick's threat to stop developing Activision titles on the PS3 (and PSP) due to the console's relative high price, Stringer told Reuters, "He likes to make a lot of noise. He's putting pressure on me and I'm putting pressure on him. That's the nature of business." When asked about the logic of not cutting prices, Howard said, "I (would) lose money on every PlayStation I make -- how's that for logic." True, until the 45nm Cell processor launches allowing for a cheaper, cooler running slim PS3 later this year, right Howie... wink, wink?[Via GameDaily]
Sony CEO Howard Stringer on music: "If we had gone with open technology from the start, I think we probably would have beaten Apple"
We've always had a soft spot for Sony CEO Sir Howard Stringer, and it sounds like the old man's doing more than cajoling Tom Hanks into telling jokes following his consolidation of power: in a lengthy and illuminating interview with Nikkei Electronics Asia, Sir Howard pledged that Sony would use more open standards in the future, saying "If we had gone with open technology from the start, I think we probably would have beaten Apple" in the music market. That's a pretty bold statement to be making in hindsight -- especially since we're pretty sure the Connect Player and SonicStage would have still driven people screaming into the arms of iTunes -- but it's pretty heartwarming to hear from the head of a company just as famous for an endless array of funky proprietary standards as it is the Walkman. You want to make us feel even warmer and fuzzier, Howie? "We can no longer say that we're right and our customers are wrong. We can't build only what we want to build." Wow -- sounds like the start of a whole new Sony. We'll see if Sir Howard can actually pull off what sounds like a major change in his company's culture, but for right now we'd recommend hitting the read link and taking in the whole interview, cause it's a good one.
Sony's Howard Stringer consolidates power as president resigns
If you thought Sony's economic woes and unprecedented layoffs would bring an end to Sir Howard Stringer's reign at Sony, think again. It's Sony president, Ryoji Chubachi, that will step down in April leaving Sir Howard to take over the presidency in addition to his current roles as chairman and CEO. Chubachi will become a vice chair while Stringer takes direct control of Sony's core electronics division. Don't let us down Howie.Update: Additional details have emerged following a Sony press conference. Sony electronics will be organized into two main groups: (1) the Networked Products and Services Group, lead by PlayStation boss (and our buddy) Kaz Harai, will consolidate Sony's PlayStation console, VAIO PCs, Walkman audio products, new mobile products and Media Software and Services to ensure a common platform with access to the PlayStation Network, and (2) the New Consumer Products Group, under Hiroshi Yoshioka, that will unite Sony's Bravia televisions with its digital imaging, home audio, and video business. All of which reports direct to Stringer.
Live from Howard Stringer's CES keynote
We're back, coming at you live from Sony's second big press event. Today's keynote is anchored by Sir Howard Stringer, a handsome man with enough stature as Chairman and CEO of Sony to lure the world's press out of bed for an 08.30am presentation. Sony already hinted that we'd be hearing more about 3D television prototypes, a new camera, perhaps, and the evolution of Sony's consumer OLED display lineup. This is going to be good.
CE-Oh no he didn't! Part LVII: Howard Stringer says the Wii is not 'a competitor'
Further confirming his utter disconnect from reality, Sony head Howard Stringer referred to Nintendo's market-dominating Wii as an "expensive niche game device." Previous to making that statement, Stringer bafflingly said, "I've played a Nintendo Wii, I don't see it as a competitor." Now look -- we're not saying you're in some kind of CEO super-denial, but all signs point to the possibility that you should probably consider the Wii a competitor (since it is... well... a competing system and platform), and perhaps recognize that "niche" is typically not synonymous with "best selling." Of course, you're the guy running Sony, we're just watching the crackup from the sidelines.[Via Nintendo Wii Fanboy]
