Sony and Panasonic Lose Nearly $5 Billion, Industry in Decline

[admin]

We all knew that the consumer electronics market was going to take a hit with the slumping world economy. What we didn't expect was that Sony and Panasonic would lose nearly $5 billion dollars during the 2008 fiscal year! With Pioneer, Hitachi, and Toshiba all posting declines, things don't look good for the consumer electronics sector. While most are predicting more of the same, a few seem to think that things could turn around in the next year.


Discuss "Sony and Panasonic Lose Nearly $5 Billion, Industry in Decline" here. Read the article.

[FirstReflection]

Maybe they can borrow some money from Nintendo (who seems to be doing just fine with their 2.4 billion dollar net profit!)

[Seth=L]

I wonder where Samsung stands in this crowd. They are among the largest, if not the largest television makers in terms of sheer volume at the moment. They supposedly account for the greatest amount in panel sales, or at least they did recently.