Smartphone business indispensable to brand portfolio: Sony CEO

Author:

Reuters

article author:

ID:

1558510363735420100

Wed, 2019-05-22 07:17

TOKYO: Sony sees the smartphone business as indispensable to its brand portfolio, its CEO said, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business.
The smartphone business reported an operating loss of ¥97.1 billion ($879.45 million) in the year ended March, lagging rivals such as Apple and Samsung Electronics and weighing on the group’s record-breaking profit.