Now that Sony’s old guard has taken what was once a strong electronics and gaming brand and run it into the ground, the company’s new guard is circling back to resurrect it. This morning the company announced a management overhaul that will see CEO Howard Stringer succeed Ryoji Chubachi as president and assume responsibility for Sony’s key electronics division.
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Turns out when Sony president Ryoji Chubachi said Friday that the electronics giant had “no immediate plans as of now” to cut the price of its PlayStation 3, he was speaking literally (as in “at this very second”). Because three days after denying rumors of an impending “refinement” of the PS3’s price, Sony announced one. [...]
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Nintendo surpassed consumer electronics behemoth Sony in market capitalization for the first time ever last month, underscoring the phenomenal success its Wii gaming console has enjoyed at the expense of Sony’s PlayStation 3. Little wonder then, that in the run-up to the E3 video-gaming conference next week, we’re hearing talk of a PS3 price cut.
Word [...]
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