Tokyo-based Sony Corp. remained on a down hill slope as it continues to struggle in winning back Walkman’s industry reputation. This, as the company celebrated the music player’s 30th year anniversary on Wednesday.
According to Japanese media reports, Sony has lost some 98.8 billion yen or $1.02 billion in March, the ended of the company’s fiscal year. Reports also told that it is the electronics and entertainment company’s first annual loss in the span of 14 years.
According to analysts, Sony should now decide whether it will drop or re-adopt the Walkman brand, the...
