BERLIN: Sony Corp. has unveiled a new smartphone in its push to become the world’s third-biggest maker of smartphones after Samsung and Apple.
Sony’s CEO Kazuo Hirai said in Berlin, where Europe’s largest consumer electronics trade show will open its doors this week, the Sony Xperia Z1 will be available in September.
“The Xperia Z1 embodies everything Sony has to offer,” said Hirai, who is under pressure from US hedge fund manager Daniel Loeb to split up the company to revive its electronics business.
The new waterproof smartphone will come with a 5-inch display and have a 20.7 megapixel rear-facing camera.
The company did not give a retail price nor say which carriers would offer the phone.
Hirai in 2012 identified mobile products, gaming and digital imaging as the core of a rebound in consumer electronics after more than a decade of decline for the pioneer of personal music players and compact discs. It had a record loss of $5.74 billion in the 2011/12 fiscal year.
Of those three priorities, mobile has since emerged as the best near-term hope for Sony although it has a long way to go.
According to research firm Gartner Sony didn’t place among the top five smartphones makers in the second quarter of this year. Overall Sony was the ninth-biggest mobile handset maker with a 2.2 percent market share, up from 1.7 percent in the previous year.
Sony’s problems are similar to those of Nokia which is still the world’s second-largest in overall phones, but it struggles to sell the high-margin smartphones.
Two years after hitching its fate to Microsoft’s Windows Phone software, the Finnish phone maker that once dominated the global market collapsed into the arms of the US software giant, its mobile business ravaged by nimbler rivals Apple Inc. and Samsung Electronics.
Sony’s goal is to fend off challenges from China’s Huawei Technologies and ZTE Corp. and Korea’s LG Electronics to secure the No. 3 slot in the global smartphone market, behind Samsung and Apple which between them account for about half of all smartphones sold, according to Gartner data.
Samsung earlier unveiled a smartwatch and the latest version of the Galaxy Note phone-cum-tab, while Apple has sent official invitations to a Sept. 10 event at which it is expected to unveil the latest version of the iPhone, possibly in colors other than its trademark black and white.
Sony has forecast smartphone sales to rise more than 20 percent to 42 million in the year to next March.
Research firm IDC expects industry-wide smartphone shipments to grow 32.7 percent in 2013, reaching 958.8 million units, up from 722.5 million units last year and marking the first year that smartphone shipments surpass those of feature phones.
Sony also took the wraps off two smartphone lenses which can also be used on most other smartphones via an adapter.
The lenses will have a 18.2 megapixel and 20.2 megapixel sensor respectively.
Sony unveils new smartphone in bid for top three ranking
Sony unveils new smartphone in bid for top three ranking
Closing Bell: Saudi main index closes in green at 10,917
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 4.86 points, or 0.04 percent, to close at 10,917.04.
The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 102 of the listed stocks advanced, while 147 retreated.
The MSCI Tadawul Index increased, up 0.54 points, or 0.04 percent, to close at 1,467.06.
The Kingdom’s parallel market Nomu lost 85.41 points, or 0.36 percent, to close at 23,357.50. This comes as 19 of the listed stocks advanced, while 46 retreated.
The best-performing stock was Tourism Enterprise Co., with its share price surging by 10 percent to SR13.53.
Other top performers included Al Yamamah Steel Industries Co., which saw its share price rise by 8.64 percent to SR39.22, and Anaam International Holding Group, which saw a 4.05 percent increase to SR12.59.
Alramz Real Estate Co. saw its share price rising by 3.95 percent to close at SR61.85, while Umm Al Qura for Development and Construction Co. closed at SR18.08, marking a 3.67 percent increase in share price.
On the downside, the worst performer of the day was Saudi Industrial Export Co., whose share price fell by 3.72 percent to SR2.59.
ACWA Power Co. saw its share price fall 3.54 percent to SR177.20, while Naseej International Trading Co. declined 3.08 percent to SR29.56.
Moreover, the share price of Rabigh Refining and Petrochemical Co. dropped 2.95 percent to close at SR6.57, while Nice One Beauty Digital Marketing Co. saw its share price dropping 2.65 percent to SR17.97.
On the announcement front, Alinma Capital has declared a cash dividend distribution totaling SR6.55 million for unitholders of the Alinma Saudi Government Sukuk ETF Fund.
The dividend, covering the period from July to December, amounts to SR0.162 per unit and represents approximately 1.56 percent of the fund’s net asset value as of Jan. 15.
Its share price closed at SR10.42 on the main market, marking a 0.1 percent increase.
Also, Itmam Consultancy Co. has been awarded a significant project by the Digital Government Authority to develop digital investment skills within the public sector.
The contract, officially granted on Jan. 19, is valued at more than 5 percent of the company’s total 2024 revenue.
According to a statement, the program aims to equip government employees with the expertise needed to enhance digital government investment efficiency, focusing on software license development aligned with legal and technical standards.
Its share price remained unchanged on Nomu at SR16.40.









