Sony Corporation (ADR) (NYSE:SNE) shares gained by 2.20%

by Paul Wilson | Friday, Jun 21, 2013 | 780 views

Northern, WI 06/21/2013 (usastockreport) – The share prices of Sony Corporation (ADR) (NYSE:SNE) had surged by 2.20 percent to close at $20.04 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $19.95to $20.62 per during the day, which had pushed the company to hit new peaks. The shares of Sony Corporation (ADR) (NYSE:SNE) had a market capitalization of $20.26 billion. The stock opened at $20.61 per share.

Sony Corporation (ADR) (NYSE:SNE) became an industry icon through a focus on high-quality, innovative products, which provided profits to build out its media empire, including leading positions in music and motion pictures. Despite having high-profile media and financial services units, Sony Corporation (ADR) (NYSE:SNE) is primarily a manufacturer of electronic products, accounting for roughly two-thirds of its sales in FY2013. Unfortunately, its manufacturing segment has been notably weak recently, with declining unit volumes across its television, mobile products, and gaming segments. While Sony initiated a profit improvement plan in 2011, it is still a work in progress and has been hamstrung by weak economies in its core Japanese and European markets.

Sony Corporation (ADR) (NYSE:SNE) mainly involves the electronics, game, entertainment and financial operations. Consumer Products Service (CPS) segment offers liquid crystal display (LCD) televisions, cameras, audio and video equipment, personal computers (PCs), personal navigation systems, game consoles and software. Professional Device Solution (PDS) segment offers audio, videos and monitors for broadcast and commercial use, image sensors and other semiconductors, optical pickups, batteries, data recording media and systems. Movie segment offers movie software. Music segment provides music software and animation works. Finance segment offers life and non-life insurance, banking services and credit finance services. Sony Mobile segment offers mobile phones. Others segment offers blue-ray disks, network services and advertising agency services. On January 1, 2013, it fully acquired So-net Entertainment Corporation. On February 25, 2013, it sold a 6.0% stake of a 55.8%-owned subsidiary. The company had an institutional investor’s shareholdings as 4 percent. Sony Corporation (ADR) (NYSE:SNE) had an average volume of 5.46 million.

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