Sony CEO Says First TV Profit in Decade Possible With Sales Miss
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Sony Corp. Chief Executive Officer Kazuo Hirai said the company’s struggling TV unit could make its first profit in more than a decade even if it misses sales forecasts by as much as 16 percent.
Hirai also said reform of the Japanese icon is ongoing as it tries to rebound from a projected sixth loss in seven years. The company expects 135 billion yen ($1.3 billion) of costs related to restructuring and to exiting the personal-computer business this year.