Sony should probably stop making phones
Sony has reported earnings for its 2014 fiscal year along with forecasts for the next, and the numbers don’t give much reason for the company to stick with certain struggling products. Sony made an operating profit of ¥68.5 billion ($571 million) off ¥8.22 trillion ($68.5 billion) revenue in the year ending March 31st 2015, but lost ¥126 billion overall mainly due to various restructuring charges.
Although Sony predicts a 3.8 percent drop in revenue over the next year, it expects to make ¥320 billion in operating profit and ¥140 billion in net profit. But it’s worth looking at where that money will come from. Sony is expecting its Devices division, which includes its successful image sensor unit that produces components for the iPhone…
Source:: The Verge