reports on Sony’s forecast of $1.1 billion annual loss, down from its previous forecast of $300 million profit.

In an unexpected move, Sony also said it would split off its TV business and operate it as a subsidiary, similar to what it did with its mobile-phone and PlayStation videogame businesses. Sony said the move is aimed at accelerating decision making, while analysts speculated that it could leave open the option of selling the business in the future. For the full year, Sony now expects to record losses from the TV business totaling ¥25 billion—its 10th straight year in the red.

I think Sony plans to sell off its Vaio PC business to get out of having to compete in a shrinking market. It is a wise move ditch PC and focus on mobile devices in the post-PC era instead.