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article imageSony pulls out of the e-reader market

By Walter McDaniel     Aug 6, 2014 in Business
Facing tough competitors such as Amazon and unsure financial situations in other areas Sony will be pulling out of the market for e-readers in upcoming months.
For those who want to check out the Sony e-reader store managers have closed it in the United States and Canada. Between Amazon and competitors such as Rakuten taking market share many believe there is no more room for the company.
Sony has made headlines lately not for sweeping innovation but for the sale of company assets. From selling off their Tokyo headquarters to their VAIO PC branch. Executives are also firing 10,000 workers and putting $926 million into restructuring.
Sony has seen previous slumps in 2012 and 2013 as well. Each time they recovered from these to continue in the market. Also during each of these times there were claims that the company was probably going out of business.
Authorities in financial analysis, including Bloomberg, claim that the recovery in 2014 is foundering. On the gaming front popular YouTube personalities have also turned against the PS4. At the time of this writing their stock is also down. Major technology names such as CNET are claiming that the Sony era, and possibly Sony itself, are both dead.
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