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Monday, 27 February 2012 - Sony returns to smartphones with new models |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Sat, Feb 25 2012 Sony returns to smartphones with new models Tweet Share this Email Print Related News Rise in identity fraud tied to smartphone use Wed, Feb 22 2012 Ericsson buys BelAir to boost WiFi offering Tue, Feb 21 2012 UPDATE 2-Vestas leans on Sony arm in search for chairman Thu, Feb 16 2012 Google gets U.S., EU nod to buy Motorola Mobility Tue, Feb 14 2012 Olympus expects net loss, but core business seen unscathed Mon, Feb 13 2012 Analysis & Opinion Rest easy, MBS investors: You’re protected in mortgage settlement Facebook’s biggest risk lies in palm of your hand Related Topics Tech » Media » 1 of 2. Sony Ericsson's President and CEO mobile conmunications Bert Nordberg attends a news conference during the Mobile World Congress in Barcelona February 26, 2012. Credit: Reuters/Gustau Nacarino By Tarmo Virki BARCELONA | Sun Feb 26, 2012 2:49pm EST BARCELONA (Reuters) - Sony Corp. declared a return to the smartphone business on Sunday, unveiling its first smartphones under the Sony brand, but warned the group's painful transition would not be as fast as rebranding. Kazuo Hirai is due to formally take over as Sony CEO on April 1, replacing Howard Stringer. Hirai said that while some management changes had already been identified there was still a long way to go to "explain to everybody who's doing what." "People have these lofty expectations that we're going to have all the answers to all the problems that plague the world on April 1," Hirai said in an interview at the Barcelona Mobile World Congress. "We're not going to have that." The once-stellar consumer electronics brand is heading for what it has warned would be a much bigger-than-expected $2.9 billion annual loss, its fourth in a row. The surge of red ink has put Hirai under intense pressure from investors and ratings agencies to quickly staunch losses at the sprawling electronics group. Hirai was at the Barcelona Mobile World Congress to unveil two new Android-powered smartphones, Xperia P and Xperia U, carrying the Sony brand. Sony completed the purchase of Ericsson's 50 percent stake in the Sony Ericsson joint venture on February 16, a deal originally announced last October. The newly renamed Sony Mobile Communications is headed by Bert Nordberg, Sony Ericsson's chief executive from 2009. While both Hirai and Nordberg stressed that their message to Barcelona was that Sony was back in the phone business, Hirai said that Sony Mobile Communications would be integrated within Sony as a whole. "Sony Mobile Communications needs to work in lockstep with the rest of Sony Corp. It may be a separate corporate entity but the way in which we operate and work together needs to be transparent and seamless as if it were one organization," he said. He pointed to Sony Computer Entertainment Inc, the company responsible for the PlayStation and other gaming products, which remained a separate entity but was fully integrated when it came to discussing products and unifying the experience of users. "That's the way I envision Sony Mobile Communications working as well," Hirai said. He said work had already started on making that happen, but did not offer specifics. Hirai said that he had identified four pillars that Sony would focus on, comprising the core businesses of digital imaging and gaming; marrying mobile devices with other Sony technologies, content and services; turning the struggling TV business around, and identifying new markets such as the medical business. Both Hirai and Nordberg agreed Sony Ericsson had been hamstrung by having two equal partners, which had slowed down decision-making and getting products to market. "50:50 was a problem ... I would never take a 50:50 job again," Nordberg told Reuters. The priority now, Hirai said, was to have a portfolio of products and work with carriers to ensure they "get into the hands of users as quickly as possible." "It's a very brutal industry and it moves very quickly," Nordberg said. "Every week is a new era in this industry and every competitor announces something, so it's a big, big race going on." (Reporting By Tarmo Virki, writing by Jeremy Wagstaff; Editing by Diane Craft) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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