Sony's Xperia smartphone business lives on due to company's interest in 5G technology

As some of you probably know by now, Sony announced that its Xperia business unit will be downsized again to make it profitable. The Japanese company doesn't want to give up its smartphone division even though it has been bleeding money for a very long time.

Apparently, Sony shipped only 13.5 million Xperia units during its latest fiscal year, about 500,000 units less than it initially predicted. It's the lowest number of smartphones Sony sold since forever and things won't improve going forward.

Sony forecasts it will ship 10 million Xperia smartphones in the current fiscal year, ...