Sony (NYSE:SNE) (1.9%) (SNE – $52.39 – NYSE) is a diversified electronics and entertainment company based in Tokyo, Japan. Sony manufactures the PlayStation videogame consoles and games, operates the Sony/Columbia film studio, and Sony Music entertainment. It also manufactures image sensors, mobile devices, consumer electronics, and mirrorless and professional cameras. It holds majority ownership of Sony Financial Services. We expect growth in consoles/game, music, and image sensors, and a rebound in the filmed entertainment division. We expect operational improvements in consumer electronics to generate EBITDA growth through 2020.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund's second-quarter 2019 shareholder letter.
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