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Sony expects 2.1 bln USD loss in FY 2014 as smartphone
Sony announced Wednesday it expects to log an annual group net loss of 230 billion yen (2.1 billion U.S. dollars) for the current business year through next March, compared with an earlier forecast for a far narrower 50 billion yen loss

It's the first time Sony hasn't paid a dividend since the firm first listed in 1958, Sales of smart phones are not ideal fiscal year 2014, Sony is facing huge losses mainly due to the company in a statement released the same day, said mobile communications fiscal year 2014, or the loss of about 180 billion yen in January when Sony had to .7 Smartphone sales this fiscal year is expected from the previous 50 million units to 43 million units cut.

[Image: sony-xperia-z2-hands-on-android-display-4k.JPG]

The company blamed the "competitive environment of the mobile business." Sony has been hammered by competition and an inability to find distributors in key markets such as the US. While its line of high-end Xperia smartphones have been praised for their design and waterproof bodies, they continue to fall under the shadow of giants Apple and Samsung. Sony's problems underscore the hyper-competitive environment that smartphone makers face with similar struggles facing HTC and others.

May be, It's time to let it go and focus on Console and Sony Pictures.

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Sony expects 2.1 bln USD loss in FY 2014 as smartphone - MrGadgetGuy - 18-09-2014, 12:54 AM

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