Rich Fiscus
31 Oct 2011 12:29
Tomorrow Sony is expected to announce a plan to split their TV business into 3 separate divisions.
Sony has been under fire for their TV division's losses. Despite losing money for 8 straight years, Sony executives have insisted, as recently as August, they will not exit the TV business.
According to Reuters, their plan to split the business into 3 divisions will be announced tomorrow. Company spokeswoman Ayano Iguchi told them the goal is to, "make clearer the mission" of each.
The divisions will be LCD TVs, next-generation TVs, and outsourcing. Despite Sony's claim to the contrary, this seems like it might be a precursor to selling portions of their TV business.
They may already be planning to sell Samsung their stake in the joint TV manufacturing venture between the 2 companies, a move they have been trying hard to avoid.