Thursday, March 28, 2019

Sony to merge all consumer electronics divisions as if we won't notice mobile losing nearly a billion dollars

Two days ago, Sony revealed a drastic change in its business organization going forward. Sony's Mobile Communications division — responsible for the Xperia line of phones — will be merged with the Imaging Products & Solutions and Home Entertainment & Sound divisions. This "realignment" unifies all of Sony's consumer electronics branches under a single internal division, while conveniently hiding the mobile division's future losses behind a merged balance sheet. That's good for Sony, because according to today's exchange rate, the company has lost over $910 million in the last year making phones.

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Sony to merge all consumer electronics divisions as if we won't notice mobile losing nearly a billion dollars was written by the awesome team at Android Police.



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