Sony and Panasonic parent Matsushita both reported corporate earnings this week, with Panasonic posting strong demand for flat-panel TVs (mostly plasmas) while Sony said that it would cut more jobs in its TV division as it struggles to change its focus from CRTs to flat-panel LCD displays. Sony's TV division lost $348 million in the June quarter. Sony's problems extend from CRT to LCD, however, as the company lowered by 17% the number of LCD displays it expects to ship this year.
According to Reuters, Matsushita/Panasonic now has a commanding 40% share of the U.S. plasma market, and an amazing 70% share of the Japanese market.
Read the full story here:
http://news.com.com/Sony+posts+loss,+Matsushita's+profit+up/2100-1047_3-5808694.html?tag=fd_nbs_ent&tag=nl.e433
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment