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Sony Corporation
86.64 USD
22 Nov 2024 22:59
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SNE stands for shares of a multinational Japanese company, which is known as Sony Corporation. The corporation with major businesses in electronics, game consoles, and high-technology is famous as the world's largest media conglomerate. Tokyo-based Sony Corporation includes such subsidiary companies as Sony Music Entertainment, Columbia Pictures, and TriStar Pictures. Sony also has full ownership of the MGM films. It includes a financial department, Sony Financial Holdings Inc., which is engaged in insurance among other things.

The company was founded in 1946 and is headquartered in Tokyo, Japan. It is the worldwide sales leader with the annual revenue of 6.5 billion yen in 2012. That same year the Sony shares were valued at $15 billion. The company was immensely profitable and popular throughout the 1990s and early 2000s mainly due to the game console development. However, strong competition and world depression provoked some financial problems. In 2000 its market capitalization amounted to $100 billion and in 2011 it reduced to $18 billion.

In year 2013 after-tax profit was $458 million with the operating revenue coming to $2.4 billion. Also the company made a loss of $5.7 billion. Total assets amounted to a little more than $151 billion with the net worth of $28.5 billion.

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