Sony won't exit the mobile business
Following speculation that Sony was looking to close its mobile devision or sell it on, Sony Mobile's President Hiroki Totoki has announced that "we will never ever sell or exit from the current mobile business".  However, signals coming out of Sony of late have been muddled which has damaged confidence in its smartphone line-up.
Sony won't exit smartphones because of IoT strategy

Sony Mobile CEO says the company won't exit the smartphone market even though the competition is tough. Why? Sony sees the smartphone as a bridge to other Internet of things devices.