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Sony announced that it sold its PC business in Japanese stock because of unprofitability and withdrew from this market, which stand nearly 20 years ago. Company confirmed that it has agreed to sell the business VAIO computers of Japan Industrial Partners, an investment fund headquartered in Tokyo.

As part of its restructuring, the Group will also separate its activities in the production of TVs in subsidiary, which will have a 100 percent share. The company will cut 5,000 jobs – 1,500 in Japan and 3,500 overseas by March 2015.

Sony recover from losses reported profits of 27 billion yen (266 million dollars) for the third quarter of fiscal year due to a weaker yen and higher sales AP quoted.

Latest results were helped by favorable exchange rate, larger sales, especially smartphones and marketing of the game console PlayStation 4. In the same quarter of 2012, Sony suffered a loss of 10.8 billion yen.

The company’s sales in the quarter from October to December jumped 24 percent to 2.41 trillion. yen (23.8 billion dollars). Sony, however, predicted that for the full financial year will report a net loss of 110 billion yen (1.08 billion dollars) compared to the forecast for a net profit of 30 billion yen announced three months ago.

Nicolas T.TECH NEWSSonySony announced that it sold its PC business in Japanese stock because of unprofitability and withdrew from this market, which stand nearly 20 years ago. Company confirmed that it has agreed to sell the business VAIO computers of Japan Industrial Partners, an investment fund headquartered in Tokyo. As part of...