Sony Corp is closing its Beijing smartphone plant, a spokesman said on Thursday,...
Security personnel stand outside a Sony smartphone plant as workers leave the compound in Beijing, China March 27, 2019. REUTERS/Thomas Peter
The business is one of Sony’s few weak spots and is facing a loss of 95 billion yen for the financial year ending this month. Following the closure, Sony will only make smartphones at a plant in Thailand but will continue to outsource some production to contract manufacturers, the spokesman, who declined to be identified, said.
But Sony has said it has no intention to sell as it expects smartphones to be a central part of fifth-generation wireless networks, where cars and various devices can be connected. It aims to make the business profitable in the financial year beginning April 2020.
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