irs: Howard Stringer

Howard Stringer

Sony is losing money at a drastic rate, having hemorrhaged several billion dollars, coming in dead last behind competitors such as Apple and Samsung. The company was battered by hackers who stole everything that wasn't nailed down.

The company has also been hit by many copyright infringement, patent infringement and trademark infringement lawsuit, for the blatant and criminal theft of other people's intellectual property. As a result of all the disfavor and financial deterioration, Sony will be laying off 10,000 people.

If they would focus on actually trying to come up with something original, rather than stealing everything under the sun, companies such as Apple, Samsung and Nintendo would not be trouncing them in the marketplace.

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STORY SOURCE

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More bad news for Sony. Their new PSVita is not doing well and was loaded with so many software bugs they had to publicly apologize to consumers, capping off a horrible year for the company. Sales of the unit in Japan are lackluster, trailing behind rival Nintendo, who sold almost 100,000 more units in the same space of time, upon their new gaming system's release.

Sony's Howard Stringer

Sony has been bleeding money this year, due to massive revenue declines in the mobile phone and entertainment sectors, extensive hacks and their factory in England being burned to the ground. What will 2012 hold for Sony...they shouldn't hold their breath. I see trouble coming. To think, this was a company that wanted to buy Apple and keeps ripping off its every move (instead of the iPad, watch Sony launch the sPad). You know Howard Stringer was stalking Steve Jobs. Rupert Murdoch was spying on him too.

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