SONY's most successful business is selling insurance!

SONY's most successful business is selling insurance!

The first thing you think of when you hear the word SONY is probably not financial services. They make the Walkman, the Playstation, TVs. You might even think of them as a movie studio.


However, not only do they sell insurance, it's also their most profitable division. They mostly operate in Japan and it represents about $9.07 billion in annual profit or just about 63% of their total profit.


The most recognizable part of the business, electronics, is actually not doing so well. Over the last ten years it's lost $8.5 billion and some investors are even asking for SONY to leave that behind.


(Source)





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