Sony losses expected to be around $1.7 billion thanks to their mobile division

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Most people have at least one Sony-branded item in their homes as they have been one of the biggest electronics companies in the world for quite some time now. So, it may come as a surprise that after an internal review, Sony is expecting losses in the ballpark of $1.7 billion dollars. The Japanese tech giant attributes these losses to their mobile division and will be forced to restructure their strategy to reduce risk and volatility and to guarantee “more stable profits”. According to their report, this will be achieved by releasing less mid-range devices and focusing on premium, top-tier handsets. It should be interesting to see what the future holds for Sony’s mobile division.

Source: Sony

  • rairai

    Wasn’t that HTC’s opposite strategy for the same problem?

  • wumps13

    Bad news from Sony and during this time apple won billions selling millions of over price iphones!

  • guest

    Sony should really be attributing these losses their chief that is running into the ground by betting the company on the PS4 and not Android!