Originally posted by 2B1 This is a huge loss for Sony.
Ah, just peanuts to a company with annual revenue of almost $80 billion US. Sony is an outlier in every industry it has a part in, none of its competitors have such a diverse and high profile portfolio. Percentage-wise, its most profitable division is music (in absolute terms, the profit from music is second only to Games and Network Services, but in terms of revenue, music is sixth, behind even the Imaging and Sensing Solutions group).
In 2015, Sony's 5-year plan was to milk the digital camera business and invest in sensor manufacturing; in 2019 that plan appears to be a little off kilter, the demand for sensors has not met expectations, but that division still generates almost twice as much profit as the entire Electronic Products and Solutions group (which includes Imaging Products and Solutions) on only 37% of EP&S' revenue. In the EP&S group, Imaging Products & Solutions was profitable enough to more than offset losses in Mobile Communications, but Sony's financial report singles out digital cameras (not including video) for a 22% drop in unit sales compared to the fiscal year ending March 2018. That's the classic profile of a division looking to be sold off, but I suspect that there are fewer potential buyers for the Sony Camera operations today than there were in February 2015.
I'll take this opportunity to spitball and suggest that Sony and Panasonic will spin off their camera divisions to form a combined entity that has a strategic partnership with a single lens manufacturer.