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Sony Unknown Facts

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Sony, the Japanese multinational conglomerate corporation, is one of the world’s biggest companies.  Founded in 1946, the Company invented many modern devices which became cult favorites. Here are some unknown facts about this giant corporation.

 

Unknown facts about Sony

1) The Company was founded as Tokyo Tsushin Kogyo (TTK) by Masaru Ibuka and Akio Morita during the beginning of World War II.  However, the Company changed its name to Sony after 12 years after Akio Morita’s visit to the United States, when he discovered westerners had trouble pronouncing the Company’s name.

2) Sony once invented a rice cooker which was a massive failure and sold less than 100 units.  It quickly developed a reputation for making undercooked rice or burning the rice altogether. 

3) Sony produces devices exclusively for prison inmates.  One such example is the Walkman SRF-39FP. The walkman has a see through case which prevents prison inmates from hiding anything inside the device.

4) A camcorder released by Sony in 1998 caused quite some controversy.  The camcorder was equipped with a night vision mode which could see through dark clothes due to infrared light.  The Company realized its mistake too late and had to recall the product despite selling almost 700,000 units.

5) The uniform of Sony’s employees is designed by Issey Miyake, a famous Japanese fashion designer known for his technology driven clothes.  Issey Miyake is also the person behind designing the signature black turtlenecks worn by Steve Jobs.

6) The Company started producing pocket radios in the late 1950s and claimed it was the world’s smallest radio.  However, a problem which the Company faced was the radios were too big to fit in shirt pockets. Sony, in order to stay true to its claim, custom made shirts with larger pockets for its salesmen, to make the radios look pocketable.

Did we miss any unknown facts about Sony?  Comment below and let us know.

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Entrepreneur Stories

Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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