Sony had already cut down many smartphones businesses due to its ever falling graph of Profits with passing year. However, still, the company is manufacturing some top devices like Xperia X2 Premium, so it is quite shocking to know that Sony is again thinking to downsize Xperia Smartphones business.
Sony Xperia business unit will be downsized in an effort to increase profitability
Sales are expected to decrease year-on-year due to a significant downsizing of smartphone unit sales in an effort to improve profitability. Operating loss is expected to decrease due to the absence of the impairment charge against long-lived assets recorded in the fiscal year ended March 31, 2018, as well as a reduction in operating costs, partially offset by the above-mentioned decrease in unit sales.”
Sony Q1, 2018 document revealed that Xperia has witnessed a loss of $288 million. Total revenues also drained when compared to the last twelve months.