Sony Corporation Inc. and Its Financial Analysis

In the last ten years, one of the things that has been changing the way the World works is technology. From the invention of new hybrid vehicles to small things like 3D cell phones and TVs, many companies have been competing in a huge market to release the best product with the best features for customer satisfaction. Among these organizations we can find “LG”, “General Electric”, “Samsung”, and “Sony”; the last one is one of the biggest manufacturer of electronic equipment in the world and a good competitor for other firms. It was founded on 1946 on a partnership alliance (Masaru Ibuka and Akio Morita) with its headquarters in Japan. At the beginning the company was called “Tokyo Telecommunication Engineering Corporation” but changed its name years later to “Sony”. “The name of Sony comes from the combination of two Latin words: Sonnus which means sound and Sonny which denotes a small size”. They started the business with a low capital and with no more than “twenty employees” but soon after they began to grow at an unstoppable rate because of all the people that started to demand technology.
The first device “Sony” released was the “recording tape”. This one was the first device of this kind released in the World, which came along with the “magnetic tape recording” one year later. After the successful achievement that they had in America when they released the tape, they started its “American branch under the name of SONAM (Sony Corporation of America)”. Then they took advantage again over other firms releasing the first TV screen called “TV8-301”. Sony was the top producer of electronic devices between 1950 and 1970, what called the attention of many other similar companies which were looking for an alliance with Sony to make profits.
By the time Sony was operating in America and part of Asia with two important devices released to the World, both owners decided to expand their business to the United Kingdom under the name of “Sony (U.K) Ltd.” During this