Sony in Talks to Sell Loss-making Vaio PC business - Source
February 5, 2014 2:50 PM EST
Sony announced the VAIO E Series 14p on 10 April.
A new company would be set up by Japan Industrial Partners to take over the Vaio brand's operations in Japan, according to the plan under consideration, the source said. Financial details and stakeholdings in the new entity were still being discussed.
Sony is also considering a withdrawal from overseas PC markets, the source added.
Sales of traditional PCs are slowing as smartphones and tablets gain popularity. Worldwide PC shipments are forecast to total 278 million units in 2014, down 7 percent from 2013, according to research firm Gartner.
Mobile phones are expected to dominate overall device shipments, with 1.9 billion mobile phones shipped in 2014, a 5 percent increase from 2013, Gartner said.
The Nikkei business daily reported that the Vaio PC unit would be sold for up to 50 billion yen and that Sony would retain only a small stake in the new company.
The sale of the PC business would lead to disposal losses that would push Sony into a net loss for the first time in two years for the year ending March 31, the Nikkei said. The Japanese consumer electronic firm is due to report quarterly results on Thursday.
Japanese broadcaster NHK reported on Saturday that Chinese technology company Lenovo Group (0992.HK) was in talks about a possible joint venture to take over Sony's loss-making PC business overseas.
Most Popular Slideshows
- ‘Sons of Anarchy’ Season 7 Finale Spoilers: Kurt Sutter On Ending The Biker Series And Picking The Right Song For The Final Ride
- Prince Charles’ Wife Camilla Parker-Bowles In Drug Scandal - Reports
- Prince Harry Kissing Mystery Blond, Cressida Bonas & Camilla Thurlow Are Distant Memory
- St. Louis Rams 28, Seattle Seahawks 26 [PHOTOS]
Join the Conversation
- Galaxy Note 4 vs Redmi Note 2 vs iPhone 6: Samsung in Danger with Depressing Q3
- iOS 8 Jailbreak Release Date Likely this October 2014 with Pangu not Evad3rs Firming Up as Creator
- Apple Inc. (AAPL) Stock Set to Soar Beyond $100 Despite Decline After New iPad Launch
- Russia Beefs Up Gold Reserves To Offset Heat of Sanctions And Undercut Dollar
- iPhone 6 vs Nexus 6 vs Galaxy Note 4: Performance and User Interface Comparison
- Fappening: Message Board Posters Belittle Nude Photo Leakers As D-Listers Seeking Publicity
- Fappening: Lindsay Clubine, Wife Of Boston Red Sox Pitcher Clay Buchholz, & George Sampson Of Britain’s Got Talent, Are The Latest Victims Of Celebrity Nude Leaks