Pursuits
Sony CEO Hirai Says Electronics Turnaround Past Midway Point
- Smartphone division to complete reorganization this year
- Mobile phone unit sale still an option if restructuring fails
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Sony Corp.’s struggling electronics businesses have passed the midway point on the way to financial health, President Kazuo Hirai said.
“Three years of restructuring are beginning to bear fruit,” Hirai told reporters during a group interview in Tokyo on Wednesday. “Except for smartphones, every business was profitable in the first quarter. That’s how far we’ve come in turning electronics around.”