Sony rumored to leave the Smartphone market to turn to profit

It may come as a sad news to some users. Latest rumors indicates that, Sony might Exit the smartphone market in a bid to become profitable once again. The Japanese tech giant's CEO Kazuo Hurai announced at a press conference that Sony will no longer pursue sales growth in the highly competitive field.

Right in line with past reports, Mr. Hirai revealed that the company will consider a sale of its struggling smartphone and television businesses. However, there is no deal currently in the works.

Despite developing quality Android smartphones, Sony has struggled in the highly competitive smartphone field. The company has been sandwiched between rivals such as Apple and Samsung in the high end and the army of Chinese companies in the low end of the market.

VIA