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Sony may sell camera parts to smartphone competitors

Tokyo

SONY Corp said it can still make money from smartphones - by selling camera components to competitors of its own Xperia models.

Revenue from the business that makes sensors, camera modules and memory storage will rise to 1.3 trillion yen (S$14.4 billion) to 1.5 trillion yen in the year ending March 2018, the company said on Tuesday. That compares with a forecast of 890 billion yen for the current year.

Chief executive officer Kazuo Hirai is culling the number of Xperia smartphones the company produces as it struggles to compete with Apple Inc and Samsung Electronics Co. In September, Sony widened its net loss forecast for the current year fourfold while writing down the value of its faltering...

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