Sony forecasts $2.1 billion loss as hardware vendor fails to capitalize in mid-tier segment

After revising its annual forecast earlier this year, Sony is at it again, with the latest revision taking into account a 180 billion yen (around $1.7 billion) "goodwill impairment charge", which quadruples the company's losses for the financial year. Sony's mobile division was tasked with "achieving significant sales growth" this year, and with the company's Xperia line failing to meet that target, the manufacturer is now looking to "reduce risk and volatility, and to deliver more stable profits."

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