Sony’s Smartphone Gambit

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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