AfterDawn: Tech news

Sony to focus solely on PlayStation, camera sensors and likely exit smartphone, TV markets

Written by Andre Yoskowitz @ 18 Feb 2015 9:31 User comments (1)

Sony to focus solely on PlayStation, camera sensors and likely exit smartphone, TV markets

Sony CEO Kaz Hirai has said today that the company will look to boost its profits by 2500 percent by 2018 by focusing solely on their PlayStation and camera sensor divisions.
The new strategy will likely see Sony exit the TV and smartphone markets, where it has been effectively squeezed out of any profits by Samsung, Apple and smaller Chinese OEMs with razor thin margins.

"The strategy starting from the next business year will be about generating profit and investing for growth," Hirai said. For the failed TV and smartphone divisions, the company "will not rule out considering an exit strategy."

Over the past few years, Sony has tried to narrow its focus, but the profits have been slow to come. The company already spun off the TV business to its own separate entity and sold off its once popular PC division.

Additionally, entertainment will remain a focus for the company including streaming music.

Source:
Reuters

Previous Next  

1 user comment

122.2.2015 08:18

Cool does this mean we will finally get a upgraded playstation 4 camera no offense but it sucks on low level light rooms and when you can't see someone you can't use your games that support it

Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive