Sony is planning to let go of their Vaio PC business, to an investment fund company called Japan Industrial Partners. It was their PC business that put Sony in the red last Q2, offsetting the effect of strong smartphone sales.
Sony started Vaio in 1996 and was once the 9th biggest PC builder in the world. At their peak, the company sold 8.7 million PCs.
This decision is not to be taken lightly, as it will result in dispersal losses, reversing Sony’s projected 30 billion yen profit to a net loss at the end of this financial year. They will also move Vaio’s 1,000 employees, either to the new company or other departments in Sony.