Sony CEO: smartphone unit "necessary" component of hardware business

Sony’s smartphone business has been bleeding money for years and investors have consistently called for an exit from the segment. But accord...

Sony’s smartphone business has been bleeding money for years and investors have consistently called for an exit from the segment. But according to the company’s CEO, Kenichiro Yoshida, the smartphone unit is “necessary” to make Sony’s hardware business “sustainable.”

Unlike Samsung and LG which have focused heavily on the production of household appliances over the years, Sony’s hardware division has “centered on entertainment” since it was first created. These days, as pointed out by the CEO, “the younger generations no longer watch TV.” Instead, their “first touch point” is smartphones, ...

from PhoneArena http://bit.ly/2EmXkHW