Sony Corp. Chairman Howard Stringer promised Thursday to shift the struggling electronics and entertainment giant from recovery mode to growth and to boost game offerings for the PlayStation 3, calling the console a key profit driver despite its bungled rollout.
The upbeat tone set by Stringer at the company's annual shareholders' meeting signals that Sony may finally be rebounding from a host of recent mishaps, including the PS3 game console launch and a massive battery recall that has widened recent losses.
"We will shift Sony from recovery to profitable growth," Stringer told about 6,000 shareholders gathered in Tokyo, saying Sony's integrated approach to electronics, games and entertainment made it a "dominant company" in the digital age.