Japanese
technology company, Sony has announced it will be selling its Vaio PC business
to for the sum of $490 million. It also
added that this will see 5,000 workers lose their jobs by the end of its fiscal
year in March, 2015.
It was
confirmed today after some rumours that the Japanese company was thinking of
selling its PC business as a result of low performance. Sony also announced
that its TV business will become a standalone business after the sale of its PC
business.
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| Vaio. Image: the verge |
Initially,
Sony Vaio PC business is not one of the top five in the world despite its
various innovations in its devices. Many have nailed this to the fact that Sony
has not been able to compete with other popular PC vendors like Lenovo, HP,
Acer etc. in the low end category of PC sales.
Add this to
the fact that PC market suffered a 10% reduction in sales in 2013 and you get a
good picture of where Sony Vaio might be. It is expected that this deal will be
completed by July this year.
Not all
workers in the PC business will be laid off though, the new owner wants to hire
between 250 and 500 of Sony’s employees in the PC business.
Due to woeful
performance in 2013 in which the company will announce a loss of $1.1 billion
despite forecasting a profit of $300 million, it is being speculated that the
company is now ready to focus majorly on digital imaging, gaming, and its
mobile categories.
This is
coming two days after Microsoft, the maker of the major operating systems in PC
(Windows) announced its new CEO.
Source: Sony
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Sony dumps its PC business