![]() ![]() However, the biggest challenge before the company is to maintain its growth momentum in these critical times. ![]() The company is facing heavy competition from several Chinese, South Korean, and American players. SONY’s growth in various industry sectors and market regions now mainly depends on its ability to innovate. SONY’s sales and profits declined in fiscal 2019 compared to the previous fiscal mainly due to the declining demand of several of its products and, to some extent, due to the changing market dynamics and the pandemic's effects. However, the company has introduced new products also that have helped it regain strong growth momentum. ![]() ![]() Some of the product segments that used to be leading revenue sources for the company, like its Televisions, digital cameras, smartphones, and music systems, are no more as profitable as some years ago. In fiscal 2019, the company realigned its business model to respond to the fast-changing market dynamics. Over time, the business model and product range of SONY corporation has changed a lot. The company has introduced many innovative products and technologies during its history some of them the world’s first. The company has a highly diversified product portfolio including a large range of products catering to diverse customer segments' needs. SONY corporation is a leading manufacturer of consumer electronics, gaming products, music, and movies. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |