Sony’s entertainment business is outperforming its electronics business. Today the company trimmed its smartphone sales forecast and said it would consider a shareholder proposal to sell part of its entertainment business.
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Today’s Mobile Minute:
- Sony says it will consider a proposal from its largest shareholder to sell part of its huge entertainment business. Movies and music are the most profitable part of Sony, and some investors think the company should take some cash out of that business to help its hardware.
- Today the Japanese giant trimmed sales projections for its smartphone, tablet and camera businesses. Sony expects to sell 42 million smartphones during the year that will end next March. That puts the company in the running with Huawei, ZTE, LG and Lenovo, but all those companies are outselling Sony now when it comes to smartphones.
- The biggest smartphone sellers are of course Apple and Samsung. Apple sold 37 million iPhones just in the first quarter, and Samsung sold 70 million smartphones.
Other top stories for today:
CTIA 2013: Verizon Wireless partners with Ericsson, Alcatel-Lucent on small cell plans
Intel’s new CEO reorganizes company
Reality Check: Below the surface, why wireless carriers are worrying
