Sony admits iPhone 5 and Samsung Galaxy S III outweigh its products, works on rival smartphone

In an interview with Germany’s Financial Times, James van Schie, Sales and Marketing CVP of Sony Mobile Communications admitted that the company doesn’t have a direct competitor to the iPhone 5 or Galaxy S III.

“We will create in the near future a flagship model that can compete with Apple’s iPhone and Samsung’s Galaxy S III,” he said.

A spokeswoman also noted that the model will be available at CES in Las Vegas as well as the Mobile World Congress in Barcelona in early 2013.

Van Schie also told the publication that Sony is not currently working on a Windows Phones device.

However, he added, “We have a good relationship with Microsoft and are closely watching the development of Windows Phone. If it succeeds, we will not be caught off guard.”