Reuters: Sony looking to sell its mobile and TV divisions

According to a recent Reuters report, Sony officials are now looking to sell the company's mobile and TV divisions. Both are currently losing money for the Japanese firm in markets that are becoming increasingly difficult to participate in.

Mihai Andrici, Published 01/14/2015

It seems that despite the restructuring measures that Sony has taken in the past few quarters, the company is continuing its rapid decline in the mobile and TV markets. As a result, the top management of the company is allegedly considering new radical options as investors are starting to lose their patience.

According to a report published today by Reuters, Sony CEO Kazuo Hirai is now considering selling the TV and mobile divisions. The management is also considering the possibility of entering a joint venture with interested partners.

Back last autumn when Sony's mobile division reported huge losses, the top representatives announced that a restructuring is needed, one that left many employees without their jobs. The top executives announced that the mobile division will be reorganized with a stronger focus on product streamlining, meaning less models and better sales. Reuters quotes sources close to the matter claiming that there's no concrete deal on the table just yet, but that the option is out there for interested parties.

Back in February 2014, Sony decided to sell its PC business, one that disappointed in its 2013 financial results. Besides selling the Vaio notebook brand, Sony also reorganized its divison into a separate company, one that is apparently now up for sale.

Last month Sony announced that its goals of placing more focus on the divisions that actually turn profits. The PlayStation is performing well in the gaming console markets, while Sony is also a world leader in image sensor manufacturing.