Sony Mobile to exit India

New Delhi, May 22

Facing stiff competition from Chinese and South Korean players, Japanese conglomerate Sony Corporation has announced to quit the Indian smartphone market. Sony had less that 0.01 per cent of the total Indian smartphone market share in the first quarter of 2019, according to Counterpoint Research. 

Sony Mobile, however, said that it would continue to monitor the market situations and business feasibility in the country.

“Our focus markets are Japan, Europe, Hong Kong and Taiwan to drive profitability and future prospects in the 5G era,” Sony Mobile said on Wednesday. “We have ceased sales in Central and South America, the Middle East, South Asia, Oceania, etc. in FY 18,” it added. The company assured that it would continue its customer support operations, including after sales support and software updates for existing customers in India.  — IANS