Here’s a sign that the PC business isn’t what it once was. Sony has decided to sell off their PC business. Here’s the details from CNet:
The Japanese electronics giant had been in talks with investment fund Japan Industrial Partners, according to earlier reports. That deal is now official, according to Sony.
Sony “has determined that concentrating its mobile product lineup on smartphones and tablets and transferring its PC business to a new company established by [Japan Industrial Partners] is the optimal solution,” Sony said.
Sony, which plans to cut about 5,000 jobs as part of the sale, also revised its full year forecast to a loss of 110 billion yen ($1.1 billion) from a profit of 30 billion yen.
They’re not done there:
And the TV operations will be spun off into a separate unit.
“Sony has decided to split out the TV business and operate it as a wholly-owned subsidiary. The targeted timeframe for this transition is July 2014,” the company said in a statement.
Seeing as the PC business is shrinking, I’m not shocked by this. What I am shocked by is that Sony would sell off their TV business. I always thought that it was a money maker for them. I guess not. One thing does concern me. Vaio PCs aren’t exactly off the shelf. I hope there are plans to continue support. The story that I linked to does say that they will, but for how long? I’ve seen support disappear after a year or two so this is something that will have to be watched carefully.
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This entry was posted on February 6, 2014 at 6:05 pm and is filed under Commentary with tags Sony. You can follow any responses to this entry through the RSS 2.0 feed.
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Sony To Unload Vaio PC Business… Spin Off TV Business
Here’s a sign that the PC business isn’t what it once was. Sony has decided to sell off their PC business. Here’s the details from CNet:
The Japanese electronics giant had been in talks with investment fund Japan Industrial Partners, according to earlier reports. That deal is now official, according to Sony.
Sony “has determined that concentrating its mobile product lineup on smartphones and tablets and transferring its PC business to a new company established by [Japan Industrial Partners] is the optimal solution,” Sony said.
Sony, which plans to cut about 5,000 jobs as part of the sale, also revised its full year forecast to a loss of 110 billion yen ($1.1 billion) from a profit of 30 billion yen.
They’re not done there:
And the TV operations will be spun off into a separate unit.
“Sony has decided to split out the TV business and operate it as a wholly-owned subsidiary. The targeted timeframe for this transition is July 2014,” the company said in a statement.
Seeing as the PC business is shrinking, I’m not shocked by this. What I am shocked by is that Sony would sell off their TV business. I always thought that it was a money maker for them. I guess not. One thing does concern me. Vaio PCs aren’t exactly off the shelf. I hope there are plans to continue support. The story that I linked to does say that they will, but for how long? I’ve seen support disappear after a year or two so this is something that will have to be watched carefully.
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This entry was posted on February 6, 2014 at 6:05 pm and is filed under Commentary with tags Sony. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.