Sony Sets Sights on Smartphone Market

Sony Corp. said it aims to establish itself as one of the world’s top-three smartphone manufacturers as part of its turnaround plan, but it doesn’t see the need to acquire another handset maker to solidify its position behind the industry’s two heavyweights, Apple Inc. and Samsung Electronics Co.

In an interview with The Wall Street Journal, Sony Chief Executive Kazuo Hirai said he sees the company as having the necessary assets to become a formidable third force in the fast-growing smartphone segment.

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