CEO says Sony is on track for comeback

Sony Corp., the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday.

Sony Corp., the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday.

Sony’s new alliance with scandal-tarnished Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker’s three-dimensional imaging and super-clear “4K” display technologies.

Sony Corp. is introducing a smaller, slimmer and lighter version of its PlayStation 3 home console ahead of the year-end holidays as it gears up for growing competition in games from smartphones.

Japanese game maker Nintendo Co. has upgraded its 3DS handheld to sport a screen nearly twice as big as the previous model amid hot competition against smartphones and tablets that are wooing people away from dedicated gaming machines.

Sony Corp. is ending its joint venture with rival electronics maker Sharp Corp. to produce and sell large liquid-crystal displays for TVs — part of its new strategy to buy panels rather than invest in manufacturing them.