Sony expects 20% drop in smartphone shipments this year

Sony has published its forecast for the fiscal year ending March 31, 2017, revealing that it expects to ship a total of 20 million smartphones in the year, down nearly 20% from the 24.9 million figure it managed in the year prior. The Japanese company says that the expected drop in sales is due to "a reduction in mainly mid-range smartphone unit sales reflecting an increased focus on high value-added models, as well as a reduction in smartphone unit sales in unprofitable geographical areas where downsizing measures were implemented during the fiscal year ended March 31, 2016." Sales...