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Sony's Smartphone Gambit

February 8, 2013

The stakes have never been higher for Sony Corp.'s mobile phone business.

Sony is launching its new flagship smartphone, the Xperia Z, in Japan Saturday, at a time when investors are growing frustrated at the slow pace of recovery at the struggling Japanese electronics giant. The much-anticipated new product represents Sony's effort to step up its game in smartphones-an effort that could determine the whole company's outlook.

Sony has a lot to prove in order to convince investors. On Friday, its stock fell 10% to ¥1,365 after the company reported a net loss

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