Sony considering selling its smartphone business?

Sony’s TV and smartphone business aren’t doing very well, and according to a report, the Japanese device maker is considering either a joint venture or a sale of its smartphone business.

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The news comes to us courtesy of Reuters. According to the news agency, Sony is forecasting a 230 billion yen (around £1.3 billion) net loss for the business year to March, and “will suspend dividend payments for the first time, after deep smartphone losses.” According to “company officials familiar with the leadership’s thinking,” Sony Corp CEO Kazuo Hirai and “his deputies are now open to options including sales and joint ventures for its money-losing TV and mobile phone operations.”

A source told Reuters that Sony recognises that “no business is forever.” The source adds that “every segment now needs to understand that Sony can exit businesses.” We are yet to hear of any company making Sony a deal to buy their smartphone business.

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