Time for Sony to Call the TV RepairmanTime was, Sony Corp. (SNE ) was an
unbeatable force in televisions. Its Trinitron TVs ruled the business for
decades, with consumers worldwide willing to fork over a premium for Sony's
quality guarantee. That makes the company's July 28 revision of its profit
forecast even harder for its execs to stomach. Sony said it expects to earn just
$270 million this fiscal year, down from an earlier forecast of $1.4 billion.
The primary culprit for Sony's woes, it turns out, is its TV
business.
Posted: Fri - August 5, 2005 at 04:19 AM |
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Total entries in this category: Published On: Sep 13, 2005 07:22 PM |
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