Sony

Sony was founded on May 7, 1946 as the Tokyo Telecommunications Engineering Corporation by Masaru Ibuka and Akio Morita. It was renamed to Sony in 1958. Their first consumer product: a rice boiler! Sony developed the magnetic recording tape, and in 1950 sold the first tape, and in 1950 sold the first tape recorder in Japan. In 1960, they produced the world's first trasistor television.