Sony Still Weighing Sale of Smartphone Business
Sony today announced plans to spin off its audio and video business into a separate company. The unit will take the form of a wholly owned subsidiary of Sony. The move, explained CEO Kazuo Hirai, is to make the unit more autonomous and focused on generating profits. Sony made similar strategic moves with its television business and personal computing business. When asked if Sony would consider an outright sale of its television or smartphone businesses, Hirai responded, "I think we have to keep those possibilities in mind." Hirai hinted that Sony might sell off its smartphone business earlier this year. The company is heavily focused on generating profits, but its smartphone business has struggled against larger competitors Apple and Samsung. Hirai said there are no deals on the table at the moment.
Dec 6, 2017
Qualcomm today announced the Snapdragon 845 mobile platform, its flagship system-on-a-chip for 2018. Qualcomm expects the module to form the core of next year's top smartphones, which it will endow with multimedia smarts for both audio and video.
Feb 16, 2017
HTC plans to exit the entry-level phone market moving forward and will instead focus its handset portfolio on high-margin devices. The company made the comments during a conference call with media to discuss its fourth quarter financial results.
Feb 2, 2018
Sony today said it plans to make changes to its corporate leadership later this year. Current President and CEO Kazuo Hirai, largely seen as responsible for turning around the company's fortunes, will stand down from his leadership role on April 1.
Jun 18, 2019
Facebook today announced Libra, a new digital currency that aims to combine the best features of other cryptocurrencies in order to be more consumer-friendly. The currency will be administered by the Libra Association, a new non-for-profit based in Geneva.