Sony is selling its PC division (Vaio) after 18 years in the business. The Japanese firm also announced 5,000 job cuts. This news comes after financial struggles for Sony, with the PC unit unable to make a turnaround – unlike it’s now successful smart phone unit. The buyer is Japan Industrial Partners (JIP) who have stated plans to continue making PCs under the Vaio brand. In a statement Sony said “drastic changes in the global PC industry” was to blame in its downfall, pointing the finger toward the rise of tablets and the fall of PCs, which it held less than 2%. This will likely be seen by the competition as an example of what can happen if you are unable to adapt quick enough to the ever changing PC environment.