Sony to open first new smartphone factory in 20 years

Sony Mobile has announced it will be opening its first factory in 20 years following disappointing first quarter figures.

The struggling smartphone maker posted an operating loss of $188 million at the end of its first fiscal quarter on June 30 and revenue declined by 16.3%.

This led to speculation over the future of Sony Mobile and all bets were on the company selling off its smartphone business.

But it seems that Sony isn’t calling it quits just yet. As the Asian business publication Nikkei reports, the firm is to open a new phone factory in 2016.

The factory will cover “chip mounting through assembly” and is to be set up inside an existing site in the Pathum Thai province of Thailand.

Related: Best smartphones

The revelation follows Sony Mobile CEO Hiroki Totoki’s promise during an interview in July that the company “will never ever sell or exit from the current mobile business.”

Sony will initially invest “several billion yen” in the new project which will begin mass production in fiscal 2016 and is expected to produce several million units a year.

The Japanese firm reportedly holds 17.5% of the smartphone market in Japan, and less than 1% in North America.

Time will tell if the new investment will turn Sony Mobile’s fortunes around, but if sales continue to decline despite renewed investment, the division could be in real trouble next year.

Check out our smartphone buyer’s video guide below:

More from TrustedReviews

Xbox Scorpio

Xbox One X vs PS4 Pro: Battle of the 4K machines

Fate/Extella: The Umbral Star

Tamron 10-24mm f/3.5-4.5 Di II VC HLD

Tamron 10-24mm f/3.5-4.5 Di II VC HLD

LG Q8 finally brings the V20’s promise to Europe

Atari is now in the speaker business… and the hat business

Thinner Moto Z2 Force could come with a huge trade-off

HyperLoop One

Elon Musk’s Hyperloop gathering pace as NY-DC link gets ‘OK’

N64oid

Is this proof an N64 Classic will follow the SNES?

Agents of Mayhem preview

cats 17

Why you’ll want to download this OnePlus 5 update today

Golf rory

British Open Golf Live Stream: How to watch online for free

Call of Duty: Infinite Warfare for Xbox One down to under £9

Samsung Gear S3 finally gets Samsung Pay support in UK

Welcome to the all new Trusted Reviews

Netgear Arlo

Netgear Arlo Pro

Cat Amazon

Are you kitten me? Pet translation devices tipped for future smart homes

fire emblem warriors

Fire Emblem Warriors

pokken

Pokkén Tournament DX

TP-Link Smart Wi-Fi LED Bulb 5

TP-Link Smart Wi-Fi LED Bulb

Samsung Pay

Samsung Pay now lets you use your PayPal funds at the checkout

assassins creed origins

Ubisoft teases new games for Nintendo Switch, coming ‘quite soon’

amazon echo

Ask Vodafone: Mobile network’s first Amazon Alexa voice skill is revealed

Google Feed

The Google app’s new personalised feed might just drag you off Facebook

z2play 9

Moto Z2 Play

Mira Prism

For just $99 you can bring AR to the iPhone 7

Samsung Galaxy S8

Samsung Galaxy S9 displays may be the same, save one major new feature

movie theatre

The Netflix Effect: ‘Binge-watching’ is coming to movie theatres

Porsche MIssion E

Porsche’s latest electric car chargers put Tesla to shame

EE logo

EE’s new 20GB SIM-free deal is the best value tariff you’ll see all summer

Int-Ball

These are the first images from the ISS – as captured by a zero-gravity drone

iMac 21.5-inch 4K (2017)

LG V30 case

LG V30 design ‘confirmed’ ahead of IFA 2017 launch

iPhone 7 vs iPhone SE

Waiting for the iPhone SE 2? Sadly, it could be a one-and-done

Google Glass Enterprise

Google Glass 2 has arrived, sort of

Denon AH-C621R

Denon AH-C621R

BBC Proms

Get ready to listen to the BBC Proms like never before

Fender Newport Monterey Bluetooth speakers

Fender’s new Bluetooth speakers look just like tiny guitar amps

Garmin Vivosmart 3

Garmin Vivosmart 3

airplane

Is the laptop travel ban dead? Electronics restrictions lifted by TSA but UK fails to follow suit

KitSound Immerse

KitSound Immerse Wireless Headphones