Sony Rises on Optimism Hirai Will Rebuild Company: Tokyo Mover

Sony’s incoming Chief Executive Officer Kazuo Hirai announced plans to shut down underperforming elements of the company in efforts to revive business. In response, Tokyo market shares jumped as much as 8.9 percent, the biggest intraday gain since March 16, to 1,446 yen. Kazuo Hirai will be replacing current CEO Howard Stringer on April 1st. This change in leadership gives Sony a new outlook, and a chance to move forward after recent losses in the world market. Seeing as Sony develops a considerable amount of gaming and entertainment devices, its success or failure will affect the mobile app market.

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