Outgoing Sony CEO Howard Stringer says much of big losses out of his control

The Sony CEO has his company on track for nearly US$3 billion in losses this year, its fourth straight year in the red

Sony CEO Howard Stringer, who will step down at the end of March, said Thursday that much of his company's losses were due to circumstances outside of his control and he is confident the company will get back on track.

Stringer's comments came at a press conference in Tokyo following the company's third-quarter earnings, in which Sony said it now forecasts nearly US$3 billion in losses for the fiscal year through March. On Wednesday the company announced he would step down at the end of the period, to be replaced by Kazuo Hirai, the executive who currently heads Sony's core consumer products division.

"It would be nice if there were no earthquakes, no floods, no hackers, no anything, but on our own skills, we can get the company back to the targets we've already issued," Howard said after repeated questions from reporters about his legacy.

"When we do come back, I'll come back to this press conference and address one or two of you reporters again."

Stringer served for seven years as the head of Sony, which is on track for its fourth straight year of losses.

Hirai, who will take over in April, outlined a turnaround plan for the company and said he would not abandon loss-making products like TVs, which he considers central to Sony's consumer strategy.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?