Sony struggling as Walkman marks its 30th anniversary

Tokyo: When the Sony Walkman went on sale 30 years ago, it was shown off by a skateboarder to illustrate how the portable cassette-tape player delivered music on-the-go - a totally innovative idea back in 1979. Today, Sony is struggling to reinvent itself and win back its reputation as a pioneer of razzle-dazzle gadgetry once exemplified in the Walkman, which last Wednesday had its 30th anniversary marked with a special display at Sony's corporate archives. The Japanese electronics and entertainment company lost 98.9 billion yen (Dh3.74 billion) in the fiscal year ended March - its first annual loss in 14 years - and is expecting more red ink this year. The manufacturer, which also makes Vaio personal computers and Cyber-shot cameras, hasn't had a decisive hit like the Walkman for years, and has taken a battering in the... [read full story]                    

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