Sony Mobile closing Chinese smartphone factory as it faces $860 million loss
We’ve known that Sony Mobile hasn’t been doing too well in recent years.
The company almost completely pulled out of the budget smartphone market, instead deciding to focus on the more premium end.
Reports from Reuters suggest that the Sony Mobile division recorded a staggering $863 million loss in 2018 and only managed to sell 6.5 million devices over the 12 month period.
While that is shocking, the closure of a Sony smartphone factory in China, therefore, comes as no great surprise.
9to5Google
Sony may cut half of its smartphone division by 2020
https://www.engadget.com/2019/03/29/sony-smartphone-layoffs-2000-jobs/