Sony's Mobile Business Is Shrinking Out of Existence
Sony's Mobile Business Is Shrinking Out of Existence
Published on August 01, 2018 at 01:25AM
The latest earnings report from Sony indicates the company's already tiny smartphone business has shrunk by almost half. "In the quarter ending in July 2018, Sony managed to sell only 2 million mobile devices, down 1.4 million from the same period in the proceeding year," reports The Verge. From the report: In its 2017 accounting year, Sony sold 13.5 million phones, and back in April its modest estimate for 2018 was 10 million, but now that's been revised down to 9 million. Anticipating it will make only $5.49 billion of mobile sales for the entire fiscal 2018, Sony is now in a close contest with HTC for the title of being the least relevant global Android device vendor. At least BlackBerry has its promise of uniquely secure phones and keyboards with actual, physical buttons on them. Sony's signature mobile feature in recent times has been an insistence on shipping massive bezels for way too long. It's important to note that while Sony's mobile business is hurting, Sony as a whole is in good financial health.
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Published on August 01, 2018 at 01:25AM
The latest earnings report from Sony indicates the company's already tiny smartphone business has shrunk by almost half. "In the quarter ending in July 2018, Sony managed to sell only 2 million mobile devices, down 1.4 million from the same period in the proceeding year," reports The Verge. From the report: In its 2017 accounting year, Sony sold 13.5 million phones, and back in April its modest estimate for 2018 was 10 million, but now that's been revised down to 9 million. Anticipating it will make only $5.49 billion of mobile sales for the entire fiscal 2018, Sony is now in a close contest with HTC for the title of being the least relevant global Android device vendor. At least BlackBerry has its promise of uniquely secure phones and keyboards with actual, physical buttons on them. Sony's signature mobile feature in recent times has been an insistence on shipping massive bezels for way too long. It's important to note that while Sony's mobile business is hurting, Sony as a whole is in good financial health.
Read more of this story at Slashdot.
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Sony's Mobile Business Is Shrinking Out of Existence
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