Sony Banking on Virtual Reality, Artificial Intelligence to Juice Its Revenues

For Sony ( SNE) , this is a time of reckoning. For years, this company was an exciting pioneer. Sony’s 1957 TR-63 Radio was the device credited with launching the entirely new industry of consumer micro-electronics. The 1970s and ’80s saw the advent of Walkman products. Then came the Trinitron TV. However, that kind of game-changing success has lately eluded Sony.  To be sure, Sony stock has risen 19% this year. It closed Thursday trading at $29.34 a share, exactly as it had started. The company’s sensor business has slowed, partly due to tapering demand for smartphones. In recent years, the company’s has relied heavily on PlayStation console sales.  Sony’s recent bets on virtual reality (VR), robots, and artificial intelligence (AI) could give the company a needed jolt, making it an innovative…


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