Known as Tokyo Tsushin Kogyo when first founded in 1946, the company we now know (and occasionally even love) as Sony, or more appropriately, Sony Group Corporation, has come a very long way, indeed. Not even the costly efforts of some of its top executives to torch money in the name of live service can keep the firm down; it seems the PlayStation platform holder just can't stop winning.
What began as a tiny electronics shop with eight employees, part of the nationwide economic rebuilding effort after World War II, has risen to become Japan's second-largest company (by market cap), largely thanks to the PlayStation division of the company, far and away its most profitable.
With a market cap (total value of a company's shares of stock) of USD $149.32 billion, Sony has entered the top three Japanese firms, surpassing automobile manufacturer Mitsubishi's $146.46 billion. However, it's still far behind Japan's biggest company (also a car maker), Toyota, at $231.69 billion.
It's still more news that seemingly contradicts conventional gamer wisdom, namely that the market for video game consoles is dying (it's not). Still, we're glad that Sony jumped into video games, or our history (and that of many millions of others) might have been very different.
Please enjoy the below image of Tokyo Tsushin Kogyo's first consumer product, an electric rice cooker released in the late 1940s:
UniversalBagelO on February 24th, 2025 at 10:56 UTC »
All you need to know from the article.
summerofrain on February 24th, 2025 at 10:20 UTC »
The internet: PS5 is selling negative amounts, Playstation is dead!!
Sony:
ItsStaaaaaaaaang on February 24th, 2025 at 06:50 UTC »
Wow, that's pretty crazy given how many major car companies are Japanese.