The Latest in IT Security

Sony gets real on restructuring, pockets of denial persist

21
May
2014

By Reiji Murai and Sophie Knight TOKYO (Reuters) – Sony Corp may finally be serious about restructuring, setting aside up to $1 billion this fiscal year to cut staff, but the hard-nosed figures in its latest results still include noticeably rosy forecasts. Sony missed the forecasts it set for its TV and smartphone divisions last year as it struggled to compete with more nimble rivals. When they forecast profit in each product category, it worries me, said Atul Goyal, an analyst at Jefferies in Singapore, adding it was possible that Sonys smartphone and TV sales might actually fall by 20 to 30 percent instead. There are many things happening on the competition side in the product categories in these mature markets. Sony, like compatriot rival Panasonic Corp, could end up shrinking in key consumer markets – a strategy once unthinkable for a brand synonymous around the world with consumer electronics.

Comments are closed.

Categories

SATURDAY, APRIL 20, 2024
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