With what we know, Sony is actually geared to do a lot better in the 2015-2016 calendar than they have in the recent past.
* They finally got rid of the useless and loss leading PC division.
* They spun off the TV division which now has to float on its own or sink. Trimming the fat in the TV sets is a much better idea than trying to be everything and everywhere at any cost.
If like Panasonic they can aim mostly for the higher margin (but lesser volume) high end, they should be able to do fine. Having high volumes of unsold low cost TVs in inventory was definitely not fine (can't really sell your $350 32" Sony TV to Joe Blow when he can't see the difference with the Emerson TV of the same size but at $225. And more often than not, for the average user, there were little to no difference with a Sammy set of the same size at $299).
* Where the normally profitable Tablet/ Cell phone busines really hurt them in 2013-2014 is because they did not have big carriers selling them in NA (not sure about Europe). Lack of advertising also hurt them, but for the longest time it was simply not an option to find the most recent Xperia products at a reasonable cost in the US. Now? The Z3 is present with most large carriers (I know it's at least with T-Mobile and Verizon) at the same cost as any other flagship phone. Heck, back in August when comapring all my options (coming from a Motorola Razzr Max) I wanted a Z3 but couldn't get it with Verizon, so I fell back on a Note 3. I now wish I had waited.
* PS4 is selling great worldwide, and carriying along (most importantly) services. Bringing Remoteplay and PS Now to other devices was very much needed, good for them that they finally went there.
Now if they could make Music and Video Unlimited truly appealing, they'd have something really special (not holding my breath though).
* The imaging division will do fine as long as people buy video cameras and phones with cameras.
* The Finances division will probably continue to do fine, and at least maybe won't have to carry the whole comapny from now on, baring a financial collapse which I think is unlikely in the near future.
Imo, it's probably time to buy (if you're into stock options). Probably won't get any lower than it has been in the recent past, and will actually probably go up from now on.
Disclaimer: I'm no professional Analyst. Just a guy who has Bloomberg TV in his office all day long