Times of Oman
Price in RO
24ct / gm
22ct / gm
Forex Rates vs R01
Back to Homepage
Sony to give up on sale of its battery unit: media
December 29, 2013 , 12 : 11 pm GST
SAVE THIS ARTICLE
Logos of Sony Corp. are seen at an electronics store in Tokyo October 31, 2013.
Japan's Sony Corp has decided not to sell its lithium-ion battery unit, media reported on Sunday, in a gamble that it can turn the business around with a weak yen and growing demand for smart phone batteries.
In addition to a weak yen, which can boost overseas earnings, the battery unit is also seeing increased demand for some of its new products, the Nikkei business daily reported.
For the past two years Sony had been planning to offload the unit, which was a pioneer in making lithium-ion batteries for computers and mobile devices but has struggled recently against cheaper South Korean rivals.
A government turnaround fund tried to broker a sale of the battery business to a Nissan Motor Co Ltd and NEC Corp joint venture earlier this year.
However, talks have stalled and Sony has now told the turnaround fund that it will hold on to the battery unit and develop it as a core business, the Nikkei reported, citing unidentified sources.
Sony, which last year sold its chemical business to the government turnaround fund, is trying to revive the fortunes of its consumer electronics business by focusing on cameras, gaming and mobile devices.
Rate this Article
Rates : 0, Average : 0
Post a Comment
Did you like this section? Leave a comment!
Your Name :
Your Email Address :
Your Comment :
Enter Image Text:
No Comments Posted
Latest in this section
Microsoft delays launch of its Xbox One console in China
Indie game developers sprouting at Tokyo Game Show
Amazon unveils new Fire tablets and Kindle e-readers
Apple rolls out iOS 8 to iPhone users; bug delays HealthKit availability
Early reviews heap praise on big-screen iPhone 6
TOP RATED ARTICLES
Drowning incident in Saham still haunts family, survivor
FAHAD AL MUKRASHI
Science Café set to talk food choices of new generation in Oman
Times News Service
Single red light violation can land you in jail, says Royal Oman Plice official
Fahad Al Ghadani
Dr Sheikha, Oman's State Council member among Forbes’ 200 Powerful Arab Women
Times News Service
All in the name of love
More in News
It's Different! Discovering pop legend Michael Jackson's popularity in rural India
Bucharest 'khans' reborn after decades of neglect
More than just a moustache - Adolf Hitler vs Charlie Chaplin
Urban gardens greening Berlin rooftops, airfield
Tips for writing a good article
More in Features
Oman’s conclusive reality — towards regression or triumph?
Being introvert isn’t a flaw of character
Of crime, bias and statistics
The forgotten soldiers of the Great War
Barack Obama’s ‘messy’ words
More in Columns
Copyright © 2012 Muscat Press & Publishing House SAOC. All rights reserved. Times of Oman is not responsible for the content of external internet sites.
For reprint rights contact:
TOO Online Editorial