Sony Scales Back Mid-Range Handsets

Reconfirming an earlier forecast, Sony said it will generate 7.8 trillion Japanese yen (72.7 billion US dollars) in operating revenues in the year to March 31 (a 0.4% rise year-on-year), but said it will take an impairment charge of 180 billion yen in its mobile communications division. Responding to changes in the competitive environment, Sony said it is revising its mobile communications strategy "in certain geographical areas, concentrating on its premium lineup, and reducing the number of models in its mid-range lineup." source: Sony statement