Best Phone Arena - News: Sony could exit smartphone business in a bid to turn to profit, Sony may exit the smartphone market in an exceedingly bid to become profitable yet again. the japanese school giant’s chief operating officer Kazuo Hurai proclaimed at a conference that Sony can now not pursue sales growth within the extremely competitive field.
Right in line with past reports, Mr. Hirai disclosed that the corporate can contemplate a buying deal of its troubled smartphone and tv businesses. However, there's no deal presently within the works.
Despite developing quality golem smartphones, Sony has struggled within the extremely competitive smartphone field. the corporate has been sandwiched between rivals like Apple and Samsung within the high finish and therefore the army of Chinese firms within the low finish of the market.
The company aims to realize associate annual operative profit of $4.2 billion by two018. That’s a 25-fold increase over its current monetary performance.
Sony plans to show to profit by investment in its already triple-crown divisions. They embody production and development of image sensors and therefore the Sony PlayStation vice business.
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