Japanese electronics maker Sony has denied the report about the possible establishment of a joint venture (JV) with China-based PC maker Lenovo.
The Japanese firm said it continues to address several options for the PC business, but the press report on a possible PC business alliance between Sony and Lenovo is inaccurate.
Reuters reported Sony’s plans, which include revising the company’s product and manufacturing strategy for the Vaio unit as it faces a sudden decline in its PC business, due to the effect of tablets and smartphones.
The news agency said Sony, which will release results next week, had previously predicted its PC business would be in the red for the year, without revealing figures.
Lenovo, which earns around 80% of its revenue from PC sales, has been trying to enter into additional markets.
Lenovo has recently agreed to acquire Google’s struggling US-based Motorola Mobility’s smartphone business for $2.91bn, in a surprise move which is claimed to be China’s largest-ever tech deal.
The company has also agreed to buy IBM’s x86 server hardware business and related maintenance services for $2.3bn.
Content from our partners
