May 22, 2019 / 6:43 AM / 6 months ago

Sony sees smartphone business as indispensable, says CEO

TOKYO, May 22 (Reuters) - Sony Corp sees the smartphone business as indispensable to its brand portfolio, bucking calls from some investors that the Japanese electronics firm should scrap the money-losing business, its CEO said.

Sony’s consumer electronics hardware business “has centred on entertainment since our foundation, not daily necessities like refrigerators and washing machines,” Kenichiro Yoshida told a group of journalists on Wednesday.

“We see smartphones as hardware for entertainment and a component necessary to make our hardware brand sustainable,” he said. “And younger generations no longer watch TV. Their first touch point is smartphone,” he said. (Reporting by Makiko Yamazaki; Editing by Anshuman Daga)

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