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Sony chases Amazon's platform growth while Toshiba shrinks

Entertainment-driven group succeeds by breaking free of hardware cycle

Sony Group Chairman and CEO Kenichiro Yoshida announces the launch of electric vehicle unit Sony Mobility at the CES 2022 consumer tech show in Las Vegas during January. (Photo by Kazuyuki Okudaira)

TOKYO -- No two electronics makers in Japan have seen their fortunes diverge as much in the past decade as Toshiba and Sony.

This month, Toshiba said it expects 3.34 trillion yen ($29.1 billion) in revenue for the fiscal year ending in March -- roughly half the figure from 10 years ago. Its revenue is only expected to shrink as the company prepares to split in two and sell its air conditioning and elevator businesses.

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