Sony hangs up on India smartphone market

Sony on Wednesday said it has exited the smartphone market in India as it looks to focus on its key markets — Japan, Europe, Hong Kong and Taiwan — to drive profitability.

Apart from India, Sony has pulled out of some other markets as well. “We have ceased sales in Central and South America, West Asia, South Asia, Oceania, etc, in FY18, but we will keep monitoring the market situations and business feasibility,” the company said.

In the US and China, Sony has withdrawn from the operator business but will continue selling in the open market. Earlier in March, the company had ceased its production in China.