According to an article in Digitimes, Sony is looking to capture 50 percent global market share for its Blu-ray products in 2008.
Kazuo Hirai, now head of the company's videogame group, will be Sony's next president, Nikkei reports. Howard Stringer remains chairman and CEO.
Rumors circling around a Circuit City flier indicate that the PlayStation 3 might be getting a price drop soon.
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The struggling electronics company appoints Howard Stringer, already chairman and CEO, as company president amid a reorganization of its business units.