Sony CEO Kazuo Hirai has announced that the company will soon spin off its audio and video business in order to focus on more profitable units.
According to the Verge, Hirai told investors that the company had to consider the possibility of selling off its smartphone and TV business entirely, leaving it to concentrate on its more profitable units: media, gaming, and selling imaging sensors to Apple.
The move is seen as the company's bid to return to profitability after enduring losses for close to ten years.
The company will now direct its focus on the PlayStation gaming and image sensor unit that makes components for devices like the iPhone.