Sony’s smartphone struggles continue as other areas look up
Sony’s CEO Kazuo Hirai has some difficult decisions to make as consumers continue to shun the company’s smartphones, resulting in continued losses.The company on Thursday reported a net loss of ¥126 billion (US$1.1 billion) for its latest fiscal year, which ended on March 31. Year-on-year, Sony’s revenue increased by 5.8 percent to ¥8.2 trillion.Not surprisingly, Sony’s Mobile Communications unit, which develops the Xperia smartphones, gets part of the blame for another year in the red.The future of the mobile division has been very much up in question since a new head of Sony Mobile Communications was appointed in October last year. Sony has announced layoffs and pulled the plug on the PlayStation Mobile platform, but hasn’t been able to turn around its fortunes.To read this article in full or to leave a comment, please click here