Sony considers spinning off or selling its smartphone operations

Sony considers spinning off or selling its smartphone operations:

It's all about the bottom line, and at Sony it appears that smartphones aren't exactly bringing in massive profits. In fact, the company expects to lose money in 2015 on a net basis for the sixth time out of the last seven years. Company CEO Kazuo Hirai says that his focus for the next three years will be on PlayStation and camera sensors. Doing this will increase operating profit by 2500% over that period, claims the executive. And that means that smartphones and televisions could be the odd-men out at the Japanese manufacturer.



Tough competition from low cost smartphone manufacturers ...