Smartphone Demand Recovery Unlikely This Year, Sony COO Says
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The smartphone market is likely to remain depressed for the next year, Sony Group Corp. president and Chief Operating Officer Hiroki Totoki said.
Tokyo-based Sony is the world’s leading provider of smartphone image sensors and has a direct view on device inventories and demand among the world’s leading manufacturers. The company offered a very conservative forecast for its own performance and the global economy after reporting earnings Friday, and Totoki said there are particular pockets of built-up oversupply that will put pressure on already strained handset makers.