Sony Mobile has been posting losses for several quarters now while other divisions such as camera, TV and audio divisions keep recording millions in profits. However, that might end soon as Sony has announced it is merging the mobile division with the camera, TV and audio divisions.
The new division will be called Electronics Products and Solutions and should result in technologies being exchanged between future products. Some folks have expressed surprise at the merger as they expected Sony to sell off or shut down its mobile phone division. As we can see, Sony has other plans. Now that the camera and mobile divisions are now one, the reported “rivalry” between them should no longer exist.
The Japanese company says it will continue to announce the performance results for its phones even with the new decision. The mobile division is doing pretty badly. Reports say it lost more money ($480 million) than the gaming division made in profits ($317 million) in Q2 2018!
Sony still has high hopes for its mobile division, if we can still call it that. It foresees the Xperia line might begin to make profits by 2021 at the earliest. However, the company also plans to cut its spending by half.
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The new Electronics Products and Solutions division will become official on April 1. Surprisingly, the move hasn’t affected Sony’s shares in any way.
