Sony has been reshuffling its properties and businesses these past years in an effort to rein in its losses and regain its footing in its multiple product areas. For example, it sold off its VAIO PC business and was even rumored to have planned on doing the same for mobile. The latter has mostly been refuted, especially now with Sony's new focus with the Xperia brand. Another business that's getting refocused, however is gaming. Sony has the formation of a new ForwardWorks Corporation to focus on "smart device" game development under the new Sony Interactive Entertainment Inc.