Two days ago, Sony revealed a drastic change in its business organization going forward. Sony's Mobile Communications division — responsible for the Xperia line of phones — will be merged with the Imaging Products & Solutions and Home Entertainment & Sound divisions. This "realignment" unifies all of Sony's consumer electronics branches under a single internal division, while conveniently hiding the mobile division's future losses behind a merged balance sheet. That's good for Sony, because according to today's exchange rate, the company has lost over $910 million in the last year making phones. Read More
Sony completed its $1.47 billion acquisition of Sony Ericsson today, launching an aptly-named venture, Sony Mobile Communications. The Japanese conglomerate stated the official goal of Sony Mobile Communications in a statement announcing the transaction back in October:
The transaction gives Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices - including tablets, televisions and personal computers - for the benefit of consumers and the growth of its business. The transaction also provides Sony with a broad intellectual property (IP) cross-licensing agreement covering all products and services of Sony as well as ownership of five essential patent families relating to wireless handset technology.