The company began as an electronics hardware company over 70 years ago, with the transition to software coming later. Sony now returns to robotics after a 10-year hiatus.
"We need to push the envelope to really grow Sony into other parts in all of the electronics business, where we know we could make a difference," CEO Kazuo Hirai told the Wall Street Journal.
Hirai added that he plans to launch products for both consumers and companies, perhaps from separate units. He sees the company providing "innovative products and great ideas" in the coming years.
Sony also announced this week that the company was on track to reach an operating profit of $4.86 billion for the year ending in March 2018, a level it has not reached since - or ever before - 1997.
Profits have been impacted by slowing sales for Apple's (AAPL) iPhone, for which Sony provides image sensors in the camera. However, the company has benefited from a diverse portfolio as its videogame business, led by PlayStation, has flourished.
Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C+.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, TheStreet Ratings also finds weaknesses including a generally disappointing performance in the stock itself and poor profit margins.
You can view the full analysis from the report here: SNE
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.