Sony to focus on PlayStation, could sell or spin off TV and smartphone divisions
The Sony corporation’s ongoing restructuring process will see it focusing more on PlayStation while potentially abandoning the TV and smartphone market.
Sony is trimming the fat, selling or spinning off unprofitable divisions and investing instead in profitable ones. The compnay has already sold off its Vaio PC line, and according to Reuters, TV and smartphone business may soon follow.
Having recently sold off Sony Online Entertainment – one of its oldest development studios – to an investment firm, Sony has reiterated its commitment to the PlayStation brand along with the camera sensor division to help boost profit 25-fold in the next three years.
CEO Kaz Hirai said that the firm would no longer pursue growth in areas such as its smartphone business. The TV business could also be on the way out, based on Hirai’s comments.