Sony foresees $1.2 billion loss from its smartphone business

Sony has shared some bad news regarding its financial quarter forecast. The company is expecting its losses to quadruple due to “impairment” in its smartphone business. More specifically, in the summer of 2014, the company reviewed its stance on the mid-range smartphone segment and concluded that results weren’t as bright as anticipated. As a result,…

The world’s first smartphone is now two decades old

The world’s first smartphone celebrated its 20th birthday yesterday. The IBM Simon Personal Communicator hit the shelves in the United States on August 16, 1994. Naturally, IBM Simon wasn’t called a smartphone back in the day – the term didn’t exist then. IBM sold around 50,000 units of the device, which was able to operate…