The Latest in IT Security

Sony slashes profit outlook with TV business back in red

31
Oct
2013

Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. With a quarterly net loss of 19.3 billion yen ($197 million), Sonys bad-news Thursday came in stark contrast to an upbeat showing by Japanese peer Panasonic Corp. It also stirred doubts about how the best-known Japanese technology company can anchor a turnaround as rivals like Apple Inc and Samsung Electronics Co have gained dominance through heavy investment in new mobile devices. I still cannot see any fundamental and believable strategy for the rebirth of Sonys electronics business, said Makoto Kikuchi, CEO of Myojo Asset Management based in Tokyo. On the other hand Panasonic, which is shifting its business away from consumer electronics, is reporting better-than-expected results.

Comments are closed.

Categories

MONDAY, NOVEMBER 18, 2019
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments