We live in a world dominated by Android, itself being dominated by Samsung. So it’s no surprise that many Android OEMs are struggling, including Sony. The company has quadrupled its forecast “expected losses” for this fiscal year.
Sony is not feeling much optimism with regards to its smartphone business and as such it has revised its forecasts to account for a $2.14 billion loss in this market for the current fiscal year. While some of that money will be lost by other divisions, the company is saying that strong competition from Apple and Samsung as well as a downturn in the market are the things to blame for the new forecast.
However that’s not to say Sony is moving out of this business. In fact the company is doubling down on its high-end products, such as the praise-worthy Xperia Z line.