Time for Sony to Call the TV Repairman


Time 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.

Source: BusinessWeek

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Posted: Fri - August 5, 2005 at 04:19 AM   WIR NewsStream by Piranha Daily News   The Stream   Previous   Next  

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