Conglomerate

Sony CEO Howard Stringer:

“Apple is a marvellous company, but it is a boutique. We are a giant conglomerate.”

Update: As for just how giant, Sony’s current market cap is about $44 billion. The boutique’s market cap is about three times larger, at $149 billion. In terms of net income for the most recently reported financial year, Sony’s was $3.7 billion; Apple’s was $3.5 billion.

★ Monday, 30 June 2008