Will a zippy new drone keep Sony afloat?
Sony unveils its new drone just weeks after reporting a massively profitable first quarter 鈥� after posting losses for six of the past seven years.
A hexacopter drone and controller is seen during a drone demonstration at a farm and winery on potential use for board members of the National Corn Growers in June in Cordova, Md.
Alex Brandon/AP
Sony unveiled on Monday an impressive new industrial drone that some critics are saying could finally help the company pull off the turnaround it鈥檚 been waiting for.
Critics heaped praise on the company, commenting in particular on its smooth vertical takeoff ability. The prototype 鈥�,鈥� remarked The Huffington Post.聽
But Sony鈥檚 street cred wasn鈥檛 the only thing about to rise. The company鈥檚 unveiling also comes weeks after it a tripling of profits in the first quarter after slugging through losses for six of the past seven years, according to .
President Kazuo Hirai credited the success to Sony鈥檚 expansion into other sectors, including sensor chips and video games 鈥� and away from phones and other consumer electronics.
Hiroki Totoki, head of Sony鈥檚 mobile business, reiterated the reasoning for a new shift to on Monday.
鈥淚t鈥檚 difficult to expect growth in the smartphone business with smartphones alone, which is why we are looking at new opportunities such as this,鈥� he said.聽
鈥淚nvestors seemed to share that optimism today as Sony鈥檚 stock rallied early 鈥� rising over 6 percent 鈥� the biggest intraday movement聽since February, though it traded lower in the day as a wide range of Asian tech stocks fell,鈥� reported. 鈥淭he initial surge seemed to indicate that investors were finding reason to be optimistic about Sony鈥檚 future again.鈥�
Behind this fresh ray of hope is a unit named Aerosense, 海角大神 reported in July. Sony had paired with ZMP Inc., a robotics firm specializing in autopilot technology, to offer commercial clients a method of aerial surveillance, using drones to inspect 鈥渁ging infrastructure and survey land that is difficult to access.鈥� Potential clients included farms and oil and gas companies.
Research firms say the drone industry is expected to climb to by 2019 鈥� and by 2025, nearly .
And though the legality of privacy and security concerns remain contested, experts say the money will largely come from big players in the commercial drone service business.
鈥淎pplication services, data services, licensing and legal services聽鈥撀爋nce you start adding all of this into the mix, the size of the marketplace starts growing very, very quickly," Dan Kara, an ABI Research analyst, told
As Amazon prepares to start its drone delivery services , Sony will also begin catering to the commercial sector, Aerosense chief technology officer Kotaro Sabe told specifically targeting the construction, logistics, and agriculture industries.聽
The company expects sales to total about 10 billion yen ($83.4 million) by 2020, said Mr. Sabe.