Sony corporation global revenue – additional information
Founded in 1946 in Tokyo, Japan, Sony Corporation is one of the largest international conglomerates in Japan alongside Panasonic, Hitachi and Toshiba. Sony is responsible for a number of significant innovations, for example the Walkman in 1979. Nowadays its diverse business focuses on electronics, games, financial services and entertainment. In 2016, the net income of Sony amounted to approximately 1.3 billion U.S. dollars.
Sony Mobile Communications, formerly Sony Ericsson Mobile Communications, counts as a leading manufacturer of mobile phones. In 2015, 17.16 percent of Sony’s sales had been achieved through mobile products and communications. In 2014, Sony ranked tenth in the global mobile phone market with a global sales share of approximately two percent. The dominant player in the sector, Samsung Electronics from South Korea reached a market share of 20.9 percent.
Sony and Samsung are not only competitors in the field of mobile phones. In 2015, Sony sold approximately 12.2 million LCD TV's, ranking fifth in the world market. In this segment, Samsung again held the largest market share with 21 percent. LG Electronics ranked second place, followed by Chinese electronics company TCL.