Sony CEO Demonstrates How to Manage a Shrinking Technology Icon
- PlayStation 4 outlook reduced by 1 million units to 15 million
- Sony keeps forecast for full-year profit decline of 9.4%
People play Mortal Kombat 11 in Los Angeles, California.
Photographer: Tasia Wells/Getty Images
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Chief Executive Officer Kenichiro Yoshida is showing he knows how to manage a shrinking Sony Corp.
The Tokyo-based company’s shares rose after it reported first-quarter profit that beat estimates on strong demand for its image sensors and improved profitability in its smartphone business. The stock climbed as much as 6.6%, the biggest intraday gain in more than two months.