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Sony Gains Significant Boost in Share Market Following best Profit in 20 Years

Despite the hype created by Microsoft’s upcoming Scorpio, Sony remains to be one of the biggest companies in gaming industry as the company is set to record its best profit in nearly two decades this week. Understandably, the shares of the company has managed to gain significant momentum as the firm’s stock closed with 3.84 percent gain earlier today.

Over last couple of years, the company continued to suffer loss and recently it is slowly gaining momentum after the Kaz Hirai took charge of the company. Since taking over the responsibility, he has cut down products significantly which resulted in higher product quality and sales figure. Recently, the company revealed that the upcoming earning report would surpass expectations and these numbers indicate that the company is heading towards right direction.

Although the company is still recovering, the semiconductor businesses is gaining strong momentum and most likely the company will shift its focus towards other sectors in the coming years. There have been rumors that we might see some alterations in the senior executive teams but we’ll have to wait and see what’s next for the company following record breaking sales figures.

Featured Image: Flickr/Ian Muttoo

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