Sony to close smartphone plant in Beijing, shift production to Thailand
Security personnel stand outside a Sony smartphone plant as workers leave the compound in Beijing, China March 27, 2019. REUTERS/Thomas Peter
Sony will shift production to its plant in Thailand in a bid to halve costs and turn the smartphone business profitable in the year from April 2020, the spokesman said on Thursday. He said the decision was not related to Sino-U.S. trade frictions. Some analysts say Sony should sell the business amid acute price competition with Asian rivals. The company has a global market share of less than one percent, shipping just 6.5 million units this financial year mainly for Japan and Europe.
Among Japanese electronics companies, Fujitsu Ltd last year sold its mobile phone business to investment fund Polaris Capital Group.
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