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


Posted: Fri - August 5, 2005 at 04:19 AM