Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Sony Group
Global investment

Japan’s Sony Group announced a new development strategy

25.02.2022
2 min read

Sony Group invests $18 billion in the gaming industry

The Japanese corporation has outlined a new development plan where special attention is paid to the entertainment segment and sensor devices. To this end, within 3 years, the company intends to invest $18 billion in these areas.
The sphere of gaming devices is a promising niche, which will continue to significantly increase the audience of users. In the Sony Corporation they believe that investing in mobile and gaming products will be a significant step for the further development of the Japanese manufacturer. In addition, the company also plans to focus on social networks, to expand services for users.
Investments will be directed to 2024, the corporation expects that investments and implementation of the planned activities will increase the number of users from 160 million to 1 billion people. For this purpose, it will actively develop the gaming and music industry, as well as the film segment. The funds will be used to improve and expand mobile and social products.
Sony Group includes various divisions, which are engaged in the release of electronics, including professional, game consoles and mobile devices. In addition, the corporation owns a media business – a recording brand, film studios and others.Sony Group CorporationSony traces its history back to 1946, when an engineer and an entrepreneur joined forces to produce radio products. The first development of the newly formed company was a set-top box for radios that amplified the signal and allowed the reception of foreign programs. In the postwar years, Japan was experiencing serious difficulties. The population did not have money, so the products were often paid for with rice. Then entrepreneurs developed a special device for cooking rice, which served as the first step in the production of household appliances.
The turning point for the company was the acquaintance of the owners with the tape recorder, which in 1936 was developed by scientists from Germany. The first prototype from Sony was released in 1949, but it weighed almost 50 kg and could play records of no more than 30 minutes. But the models were improved and already in 2 years it weighed 13 kg.
The TV8-301 was launched in 1961, and 7 years later the company introduced a color version of the device.
In 1971, the world knew about color video tapes, and just four years later Sony introduced the first VCR. In 1979 came out an improved model – the Walkman, which became the company’s best-selling product. In total 100 million copies were sold in different countries around the world.
Now Sony is the third largest in Japan. The corporation has its own facilities around the world, as well as working through contractors.

Tags: Global investment
0
Previous Post Russian investors will soon have access to trading in Chinese and Hong Kong shares Next Post JPMorgan told when the U.S. is expecting an economic boom

You Might Also Like

Vision Fund
Global investment
Why does Vision Fund and SoftBank have losses?
12.12.2020
Bosch
Global investment
Bosch invests 10 billion euros in digital business
22.01.2023
French vaccine manufacturer Valneva
Global investment
Pfizer acquired shares in French company Valneva
07.09.2022
development of the crypto industry
Global investment
How the collapse of the FTX exchange affected the development of the crypto industry
11.03.2023
Zoox
Global investment
Amazon Corporation bought startup Zoox
12.03.2021
Berkshire Hathaway
Global investment
Berkshire Hathaway Holding acquires stake in HP Corporation
13.07.2022

Recent Posts

  • 1Forex drawdown
    Forex drawdown and why you shouldn’t be afraid of it
    22.09.2023
  • 2investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 3Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023
  • 4mobile marketing
    How mobile marketing helps to retain existing customers and attract new ones
    16.09.2023
  • 5E-commerce company Rakuten
    Japan’s Rakuten intends to raise funds by issuing shares
    14.09.2023

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Forex drawdown
Forex drawdown and why you shouldn’t be afraid of it
22.09.2023
investment in Turkey's steel industry
Yıldız increases investment in the Turkish steel industry
20.09.2023
Abu Dhabi Exchange
The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
18.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Japan’s exports continue to grow for 19 consecutive months
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics