Kazuo Hirai

Editor in chief of Dealerscope

Last month, Sony CEO Kazuo Hirai was quoted to have said that the company is not ruling out an exit strategy with regards to its mobile device and TV businesses to focus more on its more profitable markets, like the PlayStation and camera sensors.

Sony has set its sights on a $4.2 billion operating profit by 2018. Over the next three years, Sony has plans to change many operations in order to get out of its slump and reach that financial goal. A lengthy turnaround plan has been introduced by Sony CEO Kazuo Hirai that includes spinning off its video-and-sound business.

Sony Corp said on Thursday it would appoint senior vice president Hiroki Totoki as the new president of Sony Mobile Communications on Nov. 16, replacing Kunimasa Suzuki at the top of its troubled smartphone business.

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