Sony Expecting TV Profits by Fall Thanks to LCDs

Business Week has an interesting piece this week on the rebound of Sony's electronics division thanks in large measure to increasing demand for its Bravia line of LCD TVs. Much of the company's ability to meet demand for Bravia LCDs is due to its S-LCD joint production venture with Korean rival/partner Samsung Electronics, a venture that will be expanded by an additional $2.2 billion investment from the two companies. Sony is expecting its TV division to turn a profit by this fall, which will be just in time to offset heavy losses brought on by the introduction of the new PlayStation 3 and its large start-up costs.