Why Sony vows to stay in the smartphone business: The Internet of Things | CIO

Don’t expect Sony to give up on smartphones like it did with PCs last year.

Speaking with Arabian Business, Sony Mobile President and CEO Hiroki Totoki countered rumors that the company might sell off its phone business. Sony is the 10th-largest phone vendor according to Gartner, but the business is losing money, and in January sources told Reuters that the company was mulling a sale or joint venture for its phone operations.

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