Outgoing Sony CEO Howard Stringer says much of big losses out of his control

The Sony CEO has his company on track for nearly US$3 billion in losses this year, its fourth straight year in the red

Sony CEO Howard Stringer, who will step down at the end of March, said Thursday that much of his company's losses were due to circumstances outside of his control and he is confident the company will get back on track.

Stringer's comments came at a press conference in Tokyo following the company's third-quarter earnings, in which Sony said it now forecasts nearly US$3 billion in losses for the fiscal year through March. On Wednesday the company announced he would step down at the end of the period, to be replaced by Kazuo Hirai, the executive who currently heads Sony's core consumer products division.

"It would be nice if there were no earthquakes, no floods, no hackers, no anything, but on our own skills, we can get the company back to the targets we've already issued," Howard said after repeated questions from reporters about his legacy.

"When we do come back, I'll come back to this press conference and address one or two of you reporters again."

Stringer served for seven years as the head of Sony, which is on track for its fourth straight year of losses.

Hirai, who will take over in April, outlined a turnaround plan for the company and said he would not abandon loss-making products like TVs, which he considers central to Sony's consumer strategy.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?