$14 billion hedge fund could take Sony out of the smartphone business

Sony has never been able to obtain success in the smartphone industry the way it once controlled the mp3 market, the video game console market, and the television market. Trying to differentiate itself, this year's Xperia 1 flagship, unveiled at MWC in February, features a 6.5-inch 4K AMOLED display with a 21:9 aspect ratio. Despite what would appear to be a great screen for watching streaming video on, the pricing ($999.99 pre-orders for an unlocked model started last month at Amazon) is sure to turn some away.

Meanwhile, Reuters reports (via Android Authority) that ...

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