Sony would consider selling struggling mobile division

Sony would consider selling struggling mobile division
According to new reports, Sony CEO Kazuo Hirai is open to selling the company's struggling mobile division.

Besides a potential sale, there is also the possibility of a joint venture with another partner.



Sony has been actively trying to turn their businesses around, selling off assets and focusing on more "core" divisions but there has been little success. The company is facing a near $2 billion loss for the fiscal year ended in March, and the company has not been profitable in the last 6 years with the exception of a tiny net profit in 2013.

On the positive side, Sony's PlayStation division and their imaging sensor businesses are very successful but other businesses continue to destroy the bottom line.

Source:
Reuters


Written by: Andre Yoskowitz @ 14 Jan 2015 0:51
Tags
sony mobile
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  • 4 comments
  • Frogfart

    Was it Sony entertainment division that crippled the hardware division. Every new product was crippled before it left the drawing board. Great products but crap restrictions on their use.

    14.1.2015 15:38 #1

  • hearme0

    Sony just can't roll like they used to. Shame....great products.

    15.1.2015 09:48 #2

  • Justoneguy

    On the upside, they'll be releasing a high def portable audio player that will sell for around a thousand dollars. I'm sure those will just fly off of the shelves.

    16.1.2015 08:35 #3

  • A5J4DX

    Originally posted by hearme0: Sony just can't roll like they used to. Shame....great products. Yep...agree...sort their security and listen to the end user...

    16.1.2015 09:29 #4

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