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09.02.2012: Sony to make major investments towards OLED TVs

Sony announced managemental changes and a new CEO and president effective April 1. The new president, Kazuo Hirai, announced his future plans - which include a reinforcement of Sony's core business, rebuilding of its TV business, reformation of its business portfolio and acceleration of innovation.

Sony XEL-1Sony XEL-1

Regarding the TV market, Sony plans to minimize investment in non-competitive fields, but they will make major investments in OLED TV, Crystal LED and other technologies and products that use Sony's own technologies.

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