Sony to change its name after more than 60 years

-

Sony to change its name after more than 60 years

Sony announced to change its name recently at the annual shareholders meeting last Friday. The shareholders approved to change the company name to “Sony Group“. 

The company shared a post on Weibo regarding the name change. The new name “Sony Group” will take effect in April 2021.

Weibo

Coming to the history, Sony is a Japanese multinational company, in Tokyo, founded in 1946 by Jing Shenda and Shoda Morita. Originally the name of Sony is “Tokyo Telecommunications Industry Co. Ltd.,” but the name was changed to “Sony” in 1958.

After over 60 years, the company is going to change its name. Yoshida Kenichiro, CEO said, 

“We decided to rename the company to the Sony Group because we want to make full use of the diversity of our business portfolio to promote the development and evolution of the business.”

The company has been criticized with “diversity discounts,” which tend to avoid purchasing stocks in companies with diversified business lines. However, the recent COVID-19 pandemic helps to realize people that companies diversified model has its benefits also like games, music, and other entertainment business to meet the needs of consumers while quarantining.

Currently, Sony manages the entire group and the electronic business, but after the name change, the logistics support function will be separated, and the new Group will mainly focus on human resources and financial issuing for maximum internal collaboration.

Abhijit
A technology enthusiast and a tech blogger. He is passionate about rising smart device innovations. Besides blogging, he is learning visual effects(VFX). When he is not writing, probably you will get him in CSGO.

Follow us

1,465FansLike
1,110FollowersFollow

Trending

Windows 10 black screen

How to fix black screen issue on Windows 10 by troubleshooting connection problems and...

0
On Windows 10, a black screen can take place for a number of factors. It can be connected...
microsoft build 2020

Microsoft Build 2020 Developer Conference from May 19-21

0
Microsoft announced the dates for its flagship event Microsoft Build 2020 developer conference which are going to takes place next year.
Windows 10 optional cumulative update

Optional cumulative update KB4550945 for Windows 10 version 1909 and 1903

0
Microsoft releases new optional patch updates KB4550945 for Windows 10 version 1909 and 1903 following the Patch Tuesday of this month, which is a week ago.
Microsoft flaunts new Windows logo and redesigned app icons- feature image

Microsoft flaunts new Windows logo and redesigned app icons

0
Recently, Microsoft has published a post in Medium about the new Office icons. The company redesigned the icons to cop up with the changing world.

Intel 10th Generation Processors “Comet Lake” Line-up leaked

0
Earlier AMD's Ryzen 7 3000 family, providing a body blow to Intel's whole high-end product stack. The...