Sony firmly refused to give up mobile business | optimistic about 5G technology

Sony announced its fiscal year 2017 financial statements as of March 31, 2018. Sony's mobile business had sales of 723.7 billion yen in fiscal year 2017, and operating profit loss reached 27.6 billion yen.

It is reported that Sony delivered a total of 13.5 million Xperia devices in fiscal 2017, which was 500,000 fewer than expected. Worse still, Sony expects to ship 10 million Xperia smartphones this fiscal year, which is less than last year.

Sony externally stated that it will not shut down or sell the mobile business because the upcoming 5G technology is very important to Sony. Sony's CFO Hiroki Totoki stated in the statement that 5G technology will play a very important role in the future smart phone business. It connects all portable devices to the cloud and is a technology with great potential.

In addition, Sony plans to reduce the size of the Xperia business unit, save operating costs and focus on high-end flagship devices. As a result, the Sony Xperia low-end device line may be cut off.

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