Amid Losses, Sony Cuts HDTV Output
January 28, 2009
Sony is now forecasting a $2.9 billion annual operating loss (the first dip into the red in 14 years)—in sharp contrast to its earlier predictions of a bump in profits in 2008 of about $2.2 billion.
The company says sales are estimated to drop as much as 13 percent (to $86 billion), rather than grow the modest 1.4 percent it had been predicting. The bleak numbers confirmed by Sony this week began to trickle out soon after CES earlier this month ( HD Notebook, Jan. 13, 2009).
Sony, a major HD products maker, notably with its Bravia line of HD sets, will scale back its HDTV production by restricting its assembly-line output to one of two flat-panel factories in Japan for the foreseeable future. Consequently, Sony now estimates sales of about 15 million HD LCD sets for this fiscal year (down about 1 million units from an earlier estimate), according to Business Week.
Read all of HD Notebook here.
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