:: Sony Mobile expects less growth in markets such as China and India
:: Sony to focus in East Asia (including Japan), Europe and the Middle East
:: The company will focus in the high value-added segment
Sony Mobile at a recent investor meet has reportedly confirmed that it will focus less on select markets like China, India, and the US where its performance has been less than satisfactory. Sony expects its smartphone business in these countries will grow only 0.3 percent in these markets, which explains its decision to “defocus” on these regions.
Xperia Blog, which got access to presentations and other material that Sony shared at the inventory meet, adds that the company now has a regional strategy which means Sony will target only regions which are expected to have improved CAGR (compound annual growth rate) smartphone growth.
Apart from China, India, and the US, Sony is also said to shrink its smartphone business in Brazil. The report says that Sony Mobile will instead look to focus in East Asia (including Japan), Europe, and the Middle East.
“Sony expects to ‘preserve’ its Latin American business and other Asia Pacific regions,” points out the report.