Sony and Lenovo's Alliance Report For PC Business Is Declared Inaccurate

Japanese Electronics Company Sony plans to revise its product and manufacturing strategy for the popular Vaio PC series, as the PC business for the company is falling down while the smartphone market is rising. As reported by the Japanese broadcaster NHK on Saturday, Sony Corp. and Chinese Technology Company Lenovo Group are talking about a joint venture to recover Sony’s PC business from the loss. It has to be taken into account that this news from NHK was called inaccurate by the Japanese electronics giant. Company’s statement was "Sony continues to address various options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate."


Sony will release their results next week of their revised plan, as they had previously predicted their PC business in danger (loss) for the year to end-march. Moody’s Investor Services graded Sony’s debt to its lowest grade, highlighting Sony’s television and PC business and their profitability at entire consumer electronics operation.
About 80 percent of Lenovo’s revenue comes from its personal computers and they are aggressively varying their range into more promising market. Lenovo said, they will buy Google Inc.’s “Motorola mobility” handset unit for 2.91 billion dollars, last week. This will help Lenovo to face the smartphone giants Samsung Electronics Co Ltd and Apple Inc. in a huge way. This Lenovo-Motorola deal will be the fourth largest US acquisition by Chinese or Hong-Kong company ever. “We are not only the number one PC company in the world but with this agreement we will become a much stronger number three smartphone company,” said Wong Waiming, Lenovo’s chief financial officer, on a conference call on Thursday.