Sony CEO Kazuo Hirai confirmed that the company is willing to get out of the mobile phone business, although the electronics giant currently has no plans to do so. When asked about Sony's TV and mobile phone units during a presentation of Sony's latest turnaround strategy, Hirai said he would not "rule out considering an exit strategy," according to Reuters. Hirai added that the firm would no longer chase after sales growth in areas such as smartphones where Sony has been hit by competition from low-cost Chinese rivals.
As part of its turnaround strategy, Sony announced it would spin off its audio and video business into a wholly owned subsidiary, following a similar move the company made last year for its struggling TV unit.
That is Sony's clearest statement yet about the possibility of selling its TV and mobile phone units or striking strategic partnerships for them. Last month Reuters reported that Sony was considering taking drastic actions like a sale or strategic partnership for its mobile phone business after failing to revive the unit with a focus on high-end smartphones. Article